The rise in the price of Bitcoin to $69,000 in November 2021 has triggered an influx of new users to the market, from both retail and institutional investors. According to the latest figures, there are now more than 320 million cryptocurrency users worldwide.
Triple A data shows that over 46 million users have invested in cryptocurrencies in the US, representing 13.74% of the total population.
In second place for the number of crypto investors is India with 27.4 million people, which is about 2% of the country’s total population. Pakistan ranks 3rd with more than 26.4 million (11.5% of the total population) investing in crypto assets.
22.3 million people (10.34% of the total population) in Nigeria have turned to cryptocurrencies to preserve their funds amid the worsening economic situation in the country.
Vietnam has the 5th highest number of crypto investors in the world ranking with more than 20.2 million users. It is also the country with the highest percentage of the population that uses cryptocurrencies, at 20.27%. This puts Vietnam ahead of China with 19.88 million cryptocurrency users and Brazil with 16.65 million. Russia, Indonesia and South Africa round out the top 10 with 14.6 million, 12.23 million and 7.7 million respectively.
While the United States leads in adoption of cryptocurrencies among the population, there is a large gap between the West and Asia – in favour of the latter.
In Asia, there are 130 million cryptocurrency users. In Africa, 53 million people use cryptocurrency. North America has slightly fewer, 51 million. In Europe, 43 million have invested in cryptocurrencies and in South America, 27 million. In Oceania, 1 million crypto-investors are known.
63% of all cryptocurrency users are male and 37% are female. 72% of all users are younger than 34 years old, indicating that the market is attracting younger users. The majority (71%) have at least a bachelor’s degree.
