Global Crypto Adoption 2023: A Detailed Look at Ownership and Demographics

In 2023, cryptocurrency has made remarkable strides in global adoption, with over 420 million owners spread across the world. This digital frontier has experienced a surge in interest and investment, and the demographics of crypto owners give valuable insights into its broad appeal.

Asia takes the lead in crypto ownership with a staggering 260 million owners, followed by North America with 54 million. Africa has 38 million owners, South America boasts 33 million, Europe comes close with 31 million, and Oceania rounds out the list with 15 million crypto enthusiasts.

When it comes to the individual characteristics of these crypto holders, the majority, 63%, are male. Interestingly, despite the vast diversity in income levels globally, the average annual income of a crypto holder stands at $25,000. This figure is noteworthy as it's ten times the global median income. Adding another layer to the profile, 71% of crypto holders have a Bachelor's Degree or higher, highlighting the well-educated nature of this community. In terms of age, the younger generation seems to be more inclined towards this digital asset, with 72% of owners being under the age of 34.

On a country basis, Vietnam leads in terms of ownership percentage with 21% of its population owning cryptocurrency. Both the USA and the Philippines are at a tie with 13%. Despite its vast population, India has 7% of its citizens invested in cryptocurrency, whereas China, often seen as a global economic powerhouse, has a surprisingly low 4% ownership rate.

One of the most intriguing revelations is the scenario in India. Despite the challenges posed by regulatory norms and the media's skeptical viewpoint, India showcases one of the highest per capita penetrations of cryptocurrency. This fact becomes even more pronounced when considering that, according to a recent report by Chainalysis, India holds the position for the second-highest volume of cryptocurrency activity globally, following the US.

In conclusion, the figures and facts of 2023 show a clear trajectory for cryptocurrency. It's not just a niche market but has evolved into a globally accepted and adopted form of currency and investment. The future of cryptocurrency seems promising, with its widespread acceptance and the interesting dynamics presented by its user demographics.

source: https://triple-a.io/crypto-ownership-data/#

Chainalysis report