2021 marked notable spike in crypto adoption

The bulk of people have purchased crypto for the first time did so in 2021, according to a survey by US cryptocurrency exchange Gemini.

The survey found that 79% of the people who confirmed they owned crypto said they only got interested and bought in the sector in 2021.

The survey looked at consumer habits in relation to cryptocurrencies in the US, Latin America, and the Asia Pacific region.

The survey interviewed 30,000 people in 20 countries and took place between November 2021 and February 2022.

It indicated that 40% of people in Indonesia and Brazil reported crypto ownership compared to just 20% for the US and even less for the UK, at 18%.

People using currencies that have lost their value against the US dollar were more likely to seek crypto as a hedge against inflation.

However, only 16% and 15% respectively for the US and Europe agreed that crypto can successfully protect your savings against crypto.

This is not the case for the Indonesian rupiah which lost 50% of its value against the dollar between 2011 and 2020.

However, Gemini cautions that this may be just a temporary spike in the pace of adoption, with another year necessary to see whether people would continue to join the crypto space.

In the meantime, you may spend your cryptocurrencies at trusted gaming sites such as Bitcasino, 1xBit or FortuneJack.

Source

Updated: 04/05/2022 — 14:00