Cryptocurrency adoption is growing throughout the world. More and more people are making these transactions. However, despite all the hype, not many know what this buzz is all about. People are reluctant to go with it, questioning its authenticity. So, how many people own crypto in 2022?
How many people own crypto in 2022?
70 Million People Use Blockchain Wallets Around the World
A cryptocurrency wallet, or a blockchain wallet, is a system, medium, or device where you can store your cryptocurrency safely.
This wallet is going to not only store your cryptocurrency information, but it is also going to encrypt your data and let you log in with credentials so that you can protect your cryptocurrency assets from hackers, and theft.
As you can see from crypto statistics like these, almost 17 million people around the world use a blockchain wallet.
What's really interesting about crypto statistics is that roughly 1/3 of Nigerians use cryptocurrency, while one in five people in the Philippines and Vietnam do as well.
More Males Know of Bitcoin than Females
Another crypto statistic that's really interesting is that more males are interested in Bitcoin than females.
Surveys conducted around the world revealed that Bitcoin awareness among males and females in America differed slightly.
As far as males were concerned, 78% of survey participants said that they were aware of Bitcoin.
This is compared to just 71% of females. It isn't the biggest margin, but it does indicate that males are more aware and potentially more interested in cryptocurrency than females.
Two Countries Have Banned Crypto as A Means of Payment
Crypto statistics indicate that when it comes to using cryptocurrency as a means of payment, the regulations are different depending on where you are located in the world.
What's really interesting is that there are two countries in the world that have actually banned cryptocurrency as a means of payment, and these are Indonesia and Ecuador.
How many people own crypto in 2022?
There are over 300 million crypto owners throughout the world. More than 18,000 businesses have adopted and are already accepting cryptocurrencies as payments.
Crypto Users Over Time
From 2012 to 2021, the price of the single biggest cryptocurrency, bitcoin, increased by more than 540,000 percent. It is a massive number considering the small time frame that it took for the achievement.
The digital currency has an annual growth rate of over 270 percent in the year 2020 alone. The crypto market is expected to grow with a compound growth annually at 56.4 percent from 2019 to 2025.
Final Word
Without a doubt, cryptocurrencies are here to stay. More and more individuals and corporations are inclined to use this form of currency to make their transactions faster and more secure.
The global crypto market is increasing steadily without showing any signs of stopping any time soon. Hence, it is true to say that digital currencies are an inevitable future.
Millions of people and thousands of businesses are already using it. If you are looking to increase your return on investment trifold, you should start dealing in crypto too.
