Number Of People Who Own Crypto Worldwide Crosses 6.8% Ahead Of Bitcoin Bull Run | Bitcoinist.com



A
new
crypto
report
has
disclosed
that
the
number
of


people
who
own
digital
assets


has
surpassed
6.8%.
This
surge
in
adoption
comes
ahead
of
the
highly
anticipated


crypto
bull
run
,
with
many
seeing
cryptocurrencies
as
a
valuable
form
of
investment. 

Crypto
Adoption
Skyrocket
In
2024


On
May
24,
digital
asset
service
provider
Triple
A


released
a
report


detailing
the
global
adoption
rates
of
cryptocurrencies
globally,
underscoring
how
much
the
industry
has
grown
since
2023
and
identifying
countries
that
have
the


highest
levels
of
crypto
ownership
.  


According
to
Triple
A,
around
562
million
people,
equivalent
to
6.8%
of
the
global
population,
now
own
some
type
of
digital
asset
in
2024.
This
massive
surge
indicates
a
34%
increase
from
2023,
which
recorded
a
total
of
420
digital
asset
owners.

How To Get Free Crypto  


The
report
underscored
cryptocurrency
ownership
in
different
regions
of
the
world,
noting
that
countries
like
the


United
Arab
Emirates


(UAE),


Singapore
,
Turkey,
and
Argentina
held
a
significant
amount
of
cryptocurrency
owners. 


Particularly,
Triple
A
disclosed
that
among
the
top
30
economies
with
the
highest
cryptocurrency
ownership
rate,
the
UAE
tops
the
chart
with
25.3%
ownership
rates
out
of
the
6.8%
global
rate,
while
Singapore
goes
in
second
with
a
24.4%


crypto
ownership
rate


The
report
also
emphasized
that
emerging
markets
like
Turkey
and
Argentina,
with
their
different
economic
standings,
also
have
a
significant
percentage
of
crypto
investors,
as
compared
to
smaller
economies
like
Slovenia
and
Luxembourg.  


Leading
the
global
cryptocurrency
ownership
rate
is
the
continent
of


Asia
,
which
has
grown
to
become
a
major
hub
for
digital
assets
and
innovative
technologies.
Asia
currently
accounts
for
more
than
half
of
the
total
562
million
cryptocurrency
owners
globally.
In
contrast,
North
America
trails
behind
with
approximately
72.2
million
recorded


cryptocurrency
owners.
 


Asia
has
experienced
a


dramatic
surge
in
cryptocurrency
adoption


over
the
years,
with
the
number
of
crypto
owners
skyrocketing
from
268.2
million
crypto
investors
to
326.8
million
in
2024.
This
significant
increase
highlights
the
continent’s
growing
acceptance
of
digital
currencies,
underscoring
its
commitment
towards
embracing
digital
innovation.

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Factors
Driving
Global
Crypto
Adoption


Factors
such
as
the
upcoming
crypto
bull
run,
regulatory
changes
and
media
sensation
have
been
driving
the


adoption
of
cryptocurrencies


in
different
regions.
Triple
A
report
reveals
that
2024
brought
in
clearer
digital
asset
regulations
which
transformed
the
cryptocurrency
industry
from
a
niche
market
to
a
dominant
player
in
the
financial
sector. 


The
upcoming
crypto
bull
run
has
been
one
of
the
leading
drivers
of
crypto
adoption
globally,
triggering


Fear
Of
Missing
Out


(FOMO)
from
curious
investors
as
it
offers
a
chance
for
them
to
potentially
make
huge
gains
from
a
legitimate
investment
bracket.
According
to
various
analysts,
the
2024
crypto
bull
run
is
set
to
become
the


largest
ever
seen
,
spurred
on
by
the
launch
of
Spot
Bitcoin
ETFs
and
the
recent
approval
of
Spot
Ethereum
ETFs. 


Additionally,
Triple
A’s
report
noted
that


regulatory
changes


have
effectively
bolstered
the
confidence
of
investors,
paving
the
way
for
the
discovery
of
new
investment
products
like
Spot
Bitcoin
ETFs. 

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Events
like
the


Bitcoin
halving


on
April
20,
2024,
have
effectively
sparked
market
activities,
with
many
predicting
cryptocurrencies
to
embark
on
a
major
rally
before
the
end
of
2024. 


Moreover,


educational
resources


like
the
Binance
Academy,
Coinbase
Institute
and
Crypto.com
University
have
been
effectively
exposing
the
younger
generations
to
cryptocurrencies,
enlightening
them
on
this
innovative
financial
technology
and
the
investment
opportunities
within
the
industry.

Total
market
cap
above
$2.4
trillion
|
Source:

Crypto
total
market
cap
from
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson


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