Crypto Ownership Doubled in U.S. and Other Regions in 2021, New Gemini Report Reveals by Tor Constantino | Published on April 6, 2022 Image source: Getty Images Crypto holders are paying attention to rising prices. Key points Gemini published its first Global State of Crypto report this week, finding that crypto ownership doubled last year in the U.S., Latin America, and Asia Pacific. Record-high inflation was the primary driver of crypto adoption, according to the findings from the online survey. Other insights suggest the crypto gender gap is closing, as 47% of women plan to buy crypto this year. The Ascent's best crypto apps for 2022 (Bonuses, $0 commissions, and more) This week, cryptocurrency exchange Gemini published its inaugural Global State of Crypto report. The research found that crypto ownership doubled last year in the U.S., Latin America, and Asia Pacific regions. An average of 45% of all crypto holders in those geographies made their first crypto purchases in 2021. “Crypto adoption reached a true tipping point last year, becoming an established economic driver and a valued investment across the globe,” says Noah Perlman, Chief Operating Officer at Gemini, in the official announcement. “We expect to see the influx of crypto investors continue into this year with concerns about inflation in the U.S. and globally driving interest." While inflation drove adoption, lack of crypto education slowed it The research had several key findings, one of which was that the primary driver of the accelerated adoption of cryptocurrency across different geographies was the accelerating rate of inflation. Respondents in countries that saw a 50%+ devaluation in their homeland currencies were more than five times as likely to say they plan to purchase crypto in the coming year, including: South Africa (32%) Mexico (32%) India (40%) Brazil (45%) In Brazil, where the local currency has been devalued by 200%+ against the U.S. dollar, 41% of survey participants already own a form of cryptocurrency. In the U.S., 40% of crypto owners see crypto as a hedge against inflation. Additionally, the respondents cited a lack of crypto education as a primary barrier. Participants were nearly twice as likely to say that more educational resources about digital assets would help them get started with crypto (40%) compared to recommendations from friends (22%). The crypto gender gap is shrinking worldwide Another interesting area Gemini explored was crypto adoption by gender. As recently as last November, Pew Research found from its crypto survey that more than twice as many men had purchased crypto than women -- showing a clear crypto gender gap. However, this latest Gemini report shows that the gap appears to be shrinking. Among the crypto curious who plan to purchase a virtual currency for the first time in the next year, 47% were women globally. Women in developing nations represented at least half of crypto owners in Israel, Indonesia and Nigeria. OUR TOP CRYPTO PLAY ISN'T A TOKEN - HERE’S WHY We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. That's how prevalent it's become. Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount. Get started On the other hand, within developed regions, only a third of current crypto owners are women, including in the U.S. (32%), Europe (33%), and Australia (27%). Read more: Gemini exchange review "Education also remains a global barrier to adoption, and providing investors additional resources is key to bringing new users into the crypto ecosystem, especially women who make up a majority of the crypto-curious audience," Perlman says. The survey was conducted online between Nov. 23, 2021 and Feb. 4, 2022, capturing 30,000 respondents from 20 countries between the ages of 18 to 75 with household incomes of $14,000 or more.
I think the days of building “generational wealth” from BTC are over. Unless it drops back to pre Covid prices.
They are over period. BTC has returned almost 0% since end of 2017. That is almost 5 years of net shitty returns. Hasn't even kept up with inflation.
The question to ask is who is selling their bitcoin. Whoever it is they have to keep dropping the price to find greater fools. The number of bitcoins isn't increasing by that much so if the number of owners is doubling it means someone is distributing.
Touche' Depends on where a person is in the world. $10M or $100M could be generational wealth ------ But, let's say US-based. $100M, 9 figures, may last 2 generations or more ------ 11 BTC's = $250K I have a relative who bought a house over 30 years ago, paid it off because of a good job and sold it recently after retiring to move to smaller house and retirement community. Over $1M ------ $250K is the entry for 11 BTC's How you acquire that amount, borrow heloc, credit cards, personal loans, etc. in 10 years, you sell 1 BTC for $1M, pay taxes, pay your loan above ------- In 20-50 years, whether you're dead or alive, your heirs will have $100M worth of BTC's when BTC is priced at $10M each ------- generational wealth
I mean it takes some very specific data mining to come to this conclusion. If you bought at the absolute top day in 2017 then held for the whole 80% of the way down then continue to hold 500% up then continue to hold the most recent 70% down then I guess that’s true but come on man no one did that. This is something you tell yourself to make you feel better.
The price of 1 bitcoin 5 years ago was $4,000, 500% roi since The reason you feel shitty about bitcoin is because you're anchored your mindset to the time when you could have purchased 1 bitcoin for $12 You will not be able to overcome that sour grapes emotion. You have chosen to hate Bitcoin as a survival mechanism to cope with the lost opportunity you squandered away. I'm sorry Pekelo is probably puking himself in the bathroom every time he thinks about the fact he could have bought 1 bitcoin for less than $4 each