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According to one report, the number of people owning cryptocurrencies has increased massively in 2021. Nearly half of global owners buy cryptocurrencies for the first time this year.
Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, surveyed about 30,000 users in 20 countries between November 2021 and February 2022. This survey aims to give an overview of the rapid expansion of the cryptocurrency system. The company published the results of the survey with a report entitled "2022 Global State of Crypto".
According to Gemini's research, cryptocurrency usage increased sharply in 2021 in countries such as India, Brazil and Hong Kong. In these countries, more than half of new survey respondents invested in cryptocurrencies for the first time in 2021. The number of participants in such a survey accounted for 54% in India, 51% in both Brazil and Hong Kong.
In other countries around the world, survey respondents from Latin America (LATAM) and Asia Pacific (APAC) also actively purchased cryptocurrencies in 2021. 46% in Latin American countries and 45% in the Asia Pacific region are first-time buyers of cryptocurrencies in 2021. According to the survey, 44 percent of participants in the U.S. and 40 percent in Europe are new investors starting in 2021.
Gemini also concluded that countries like Indonesia and Brazil are leading the world because of the proportion of cryptocurrency investors in the public. According to the report, 41% of survey respondents in both Brazil and Indonesia own cryptocurrencies, compared to 20% in the US. 18% in Australia and 17% in Europe.
The percentage of cryptocurrency owners is also particularly high in regions such as the United Arab Emirates, Singapore and Israel, with 35% in the UAE, 30% in Singapore and 28% in Israel, respectively.
The report also points out that the unclear regulations on cryptocurrencies and the lack of education and the two biggest obstacles keep the public from using cryptocurrencies. Of those who do not own cryptocurrencies, 39% are from Asia Pacific, 37% in Latin America and 36% in Europe say there is no clarity in cryptocurrency legislation. 30% of those surveyed in the Middle East, 24% in Asia Pacific and 23% in Latin America also pointed out that cryptocurrency tax reports prevent them from buying cryptocurrencies.
Gemini predicts in 2021 that the number of cryptocurrency investors in the U.S. will double. According to many other surveys, the number of new users of cryptocurrencies in this country is even more than that in 2021. According to the "Crypto Perception Report 2022" published in January 2022 by cryptocurrency exchange Huobi, about 70% of U.S. cryptocurrency owners will invest for the first time in cryptocurrencies such as Bitcoin (BTC) in 2021.
