Practically half of the surveyed crypto homeowners made their first crypto buy final 12 months, in keeping with a survey commissioned by crypto trade Gemini.
Particularly, some 50% of cryptoasset homeowners from the US, Latin America, and the Asia Pacific area purchased their very first crypto in 2021, the report discovered.
The opinion ballot was carried out between November 2021 and final February, amassing solutions from near 30,000 individuals from some 20 international locations, per Reuters.
When it comes to crypto adoption, Brazil and Indonesia took the 2 high spots on this planet final 12 months, with as many as 41% of the surveyed in every nation declaring they owned crypto. The 2 states demonstrated a crypto adoption fee greater than twice as excessive as those reported for the populations within the UK and US, with 18% and 20%, respectively.
Relating to European respondents, 17% mentioned they owned cryptoassets final 12 months, however solely 7% of those that don’t at present maintain crypto declared they aimed to buy such belongings sooner or later.
Amongst those that admitted to proudly owning crypto, 79% of the surveyed mentioned they handled their allocations to cryptoassets as long-term particular person investments, in keeping with the survey.
For a substantial share of crypto homeowners, investing in cryptoassets represents a hedge in opposition to the surging inflation, with 64% of Indonesian and Indian respondents choosing this response. Within the US, 16% of the respondents declare the identical use for his or her crypto investments, and in Europe 15% share this view, as indicated by knowledge from the survey.
The above signifies that a rising variety of particular person traders share the view introduced final October by Nikolaos Panigirtzoglou and others researchers on the Wall Avenue funding financial institution JPMorgan. The financial institution’s evaluation highlighted the rising embrace of bitcoin (BTC) by institutional traders as a greater inflation hedge than gold.
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Source: Crypto News