- Approximately 5 million people in Turkey own at least one cryptocurrency.
- India leads the list of countries with the highest number of crypto owners, followed by China, the US, and Vietnam.
- According to a report by crypto firm tripleA, the global crypto ownership rate is around 4.2%, with an estimated 420 million people owning at least one cryptocurrency.
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A recent report by crypto firm tripleA estimates that around 5 million people in Turkey own at least one cryptocurrency, with the global crypto ownership rate standing at approximately 4.2%. The study reveals that around 420 million people worldwide hold at least one digital asset.
India Leads the Crypto Ownership List
TripleA’s research report, which covers data up to May this year, shows that India has the highest number of crypto owners, with around 103 million people holding digital assets. However, considering India’s large population, the country’s crypto ownership rate is only around 7%.
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China follows India on the list, with 58 million crypto owners, while the US and Vietnam come in third and fourth place, respectively. Turkey ranks fifteenth on the list, with nearly 5 million people owning cryptocurrencies.
Demographics of Crypto Owners
TripleA’s report also provides insights into the demographics of crypto owners. According to the study, 63% of crypto owners are male, and 72% are under the age of 34. The average annual income of a crypto owner is around $25,000.
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It is worth noting that the report’s figures are likely based on estimates, possibly derived from KYC verifications on centralized exchanges. As such, the actual number of crypto owners might be different from the estimates provided in the report.
Increasing Adoption of Cryptocurrencies
The growing number of crypto owners worldwide highlights the increasing adoption of digital assets as an alternative investment option. As more people become aware of cryptocurrencies and their potential benefits, it is expected that the number of crypto owners will continue to rise in the coming years.
The report’s findings serve as an important reminder of the growing influence of cryptocurrencies in today’s global economy. As the number of crypto owners continues to increase, it will be interesting to see how governments and regulatory bodies respond to this growing trend.