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In 2021, more than half of respondents in India, Brazil, and Hong Kong purchased their first cryptocurrency, such as Bitcoin.
According to a new survey, the number of cryptocurrency owners surged dramatically last year, with nearly half of all owners buying crypto for the first time in 2021.
Between November 2021 and February 2022, Gemini, a cryptocurrency exchange created by Cameron and Tyler Winklevoss, interviewed about 30,000 respondents in 20 countries to present a picture of a fast-expanding crypto ecosystem. The results of the study were issued as part of the company's "2022 Global State of Crypto" report, which was shared with Cointelegraph on Monday.
According to Gemini’s data, Crypto adoption soared in 2021 in nations including India, Brazil, and Hong Kong, with more than half of respondents investing in crypto 2021. In India, 54 percent of respondents were of this type, while in Brazil and Hong Kong, 51 percent were.
In other parts of the world, respondents in Latin America (LATAM) and the Asia Pacific (APAC) were also actively buying crypto in 2021, with 46 percent in Latin America and 45 percent in the Asia Pacific buying their first crypto. According to the report, 44 percent of respondents in the United States and 40 percent in Europe began investing in 2021.
Gemini also discovered that nations like Indonesia and Brazil are at the top of the world regarding the percentage of people who own bitcoin. According to the survey, 41% of respondents in Brazil and Indonesia claimed to own cryptocurrency, compared to only 20% in the United States, 18% in Australia, and 17% in Europe.
According to reports, crypto ownership percentages are exceptionally high in countries like the United Arab Emirates, Singapore, and Israel, with 35 percent of UAE respondents, 30 percent of Singapore respondents, and 28 percent of Israeli respondents reporting having crypto.
According to Cointelegraph, Gemini forecasted last year that the number of crypto investors in the United States would nearly treble by 2021. According to other surveys, the number of new crypto investors in the country in 2021 was significantly higher. According to the Huobi crypto exchange’s “Crypto Perception Report 2022,” released in January, over 70% of crypto owners in the United States began investing in cryptocurrencies like Bitcoin (BTC) for the first time in 2021.