The Country Leading Crypto Adoption in 2022
Author: Elle Miller
According to a Chainalysis study of the 2022 Global Crypto Adoption Index, developing countries are spearheading crypto adoption in the world. Leading the pack is Vietnam. What does this mean for crypto?
This study focuses on the grassroots adoption of cryptocurrency wherein the focus is to highlight the countries where individual, non-professional users are embracing the crypto financial revolution the most. This study does not include institutions or government-mandated initiatives.
The top 5 countries adopting cryptocurrency are the following, in chronological order: Vietnam, Philippines, Ukraine, India, and the United States.
The study showed these two insights clearly:
1.Emerging markets dominate individual adoption
This could be caused by populations turning to crypto to protect the value of their wealth from the rapid fiat volatility or the difficulty of traditional banking itself. It will be very interesting to see how this widespread tech adoption will affect the country’s economy and future.
2.The bear market did NOT win against crypto growth
Before 2022, the bull market was an exciting and amazing timewith Bitcoin reaching an all-time high of over $60k. Despite more sporadic growth in the last year or so, because of the bear market, global adoption is growing rapidly. Historically, after a drop, Bitcoin and crypto continue with slow and steady growth heading into the next bull market.
If you want to be a part of this growing technology by starting your crypto investing journey we can help! We provide a mini-course at decryptingcrypto.com which you can access now. We believe that the only way for you to know if investment in crypto is right for you is to learn more about it.
So, if you’re dealing with any fear, uncertainty, or doubt about investing in crypto due to the bear market, let this be the opportunity you’ve been looking for. Explore the world of crypto now because we are in one of the best buying opportunity timeframes that our generation will ever see. We're at the tipping point of mainstream adoption and millions of people have already begun their investment into the space.
The exciting part? There’s still so much potential regarding the wealth that can be created from investing in the crypto space. Early adoption is where the magic happens - and right now, we are in that early stage where those who are pioneers will be rewarded.