Global Crypto Adoption in 2023

The world has witnessed a staggering growth in the number of cryptocurrency enthusiasts and owners in recent years. As of 2023, there are more than 420 million crypto owners scattered across the globe.

When it comes to distribution based on continents, Asia takes the lead with a whopping 260 million owners. North America follows with 54 million, Africa at 38 million, South America with 33 million, Europe reports 31 million, and Oceania tails at 15 million.

Digging deeper into the demographics, men make up 63% of this population. The average annual income of a crypto owner stands at around $25,000. It's also worth noting that a significant 71% of crypto owners have a bachelor's degree or higher. Furthermore, a massive 72% of them are under the age of 34, highlighting the youthful energy driving the crypto wave.

Breaking it down by country, Vietnam takes the top spot, with 21% of its population owning cryptocurrency. Both the USA and the Philippines are tied at 13%. India, with its vast population, accounts for 7%, and China trails at 4%.

But what makes these figures even more fascinating are a few intriguing details:

1. The average income of a crypto holder is notably high. With $25,000 annually, it's an impressive 10 times the global median income.

2. Not only are crypto holders earning more, but they are also better educated. The fact that 71% have at least a bachelor's degree underscores this.

3. India, despite its massive population and less than supportive regulatory environment, boasts one of the highest per capita crypto penetrations. The nation's dedication to digital currency is evident as it ranks second in global cryptocurrency activity, only behind the US. This information was further substantiated by a recent report from Chainalysis.

In summary, the world of cryptocurrency continues to evolve and expand. As the numbers show, global adoption is on a rapid rise, with Asia taking the lead. The younger generation, equipped with education and vision, is steering this digital revolution. With countries like Vietnam and India showcasing enormous potential, the future of cryptocurrency looks brighter than ever.

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