Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has been making waves in the global financial market. Despite its increasing popularity, a surprising fact remains – less than 5% of the global population is invested in crypto.
As of 2023, the global population was estimated to be around 8 billion. However, the number of cryptocurrency users or owners was estimated to be over 320 million, which is approximately 4.2% of the global population. This figure aligns with the fact that less than 5% of the global population is invested in crypto.
The journey of cryptocurrency from a niche experiment to a global phenomenon has been nothing short of extraordinary. Initially embraced by tech-savvy early adopters, broader adoption has emerged in recent years, attracting retail and institutional investors due to increased awareness. This surge in popularity can be attributed to several factors, including the potential for high returns, perceived advantages over traditional assets, and the underlying appeal of blockchain technology.
Despite these promising trends, the rate of crypto ownership varies significantly across different countries. Countries with young, tech-savvy populations, such as India, China, and the United States, have the highest rates of crypto ownership. On the other hand, countries undergoing high inflation or financial crises, such as Turkey and Argentina, also show higher crypto ownership rates.
While the current percentage of the global population invested in crypto might seem small, the growth rate of the crypto user base is impressive. The number of crypto investors grew from just over 106 million in 2020 to 295 million in December 2021, and further increased to over half a billion by the end of 2023.
In conclusion, while less than 5% of the global population is currently invested in crypto, the rapid growth of the crypto user base indicates a promising future for cryptocurrency. As awareness and understanding of this digital asset class continue to grow, we can expect to see an increasing number of people around the world becoming crypto investors.
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