In a recently released global market study by Ibinex, cryptocurrency ownership is documented and compared by area and most popular coins.
The Global Cryptocurrency Market Report released by Ibinex “highlights key statistics, developments, innovations and other findings on the status of the international cryptocurrency market.” As such, one of the main focuses of the report was documenting ownership by population.
The report found that eight percent of Americans — about 26 million people — actually own at least one type of digital currency, with the most popular being Bitcoin. (Of course.) The first and foremost cryptocurrency makes up more than 62 percent of the digital currency owned in the USA.
The Deepest Pockets
It seems that the USA, however, still comes up short when compared to Europe and Asia.
Europeans bested the USA by just one percent, with nine percent of the total population owning crypto.
The report does not give an overall ownership number for Asia as a continent, but some of the most notable countries with high ownership percentages include Japan with 11 percent, India with seven percent, South Korea with six percent, and China with three percent — making Asia the clear pack leader in terms of cryptocurrency owners.
The USA In The Slow Lane
Many Americans are still skeptical about cryptocurrency. The study found that the difficulty of understanding and use of digital currencies, risk, and the belief that crypto is a bubble are the top factors keeping newcomers from investing.
The confusing state of regulations on things like ownership and taxation also vary from state to state, making it difficult for even those who understand cryptocurrency and want to invest to actually do so.
The study projects that the number of investors will continue to grow, however, expecting eight percent to rise to 21 percent in the future. In Europe, more than one-quarter of the people are projected to own cryptocurrency in the future.
Do you think Asia will continue to lead the pack in terms of crypto ownership? Will another altcoin overtake Bitcoin as the most owned in the coming years? Let us know your thoughts in the comments below!
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