Gemini report: Krypto reached the turning point in 2021

Gemini report: Krypto reached the turning point in 2021

About 40 % of the cryptoplattform Gemini surveyed crypto owners worldwide bought the digital assets for the first time in 2021.

a little more than half of the respondents in India, Brazil and Hong Kong made their first purchases last year. This number was around 45 % in the United States, Latin America and in the Asian-Pacific area and around 40 % in Europe.

Another 41 % of those surveyed who currently do not have crypto stated that they are interested in learning more, or reporting that they will probably acquire cryptocurrency next year. Ireland led among the "cryptone Germans" countries, with 58 % information to be interested in potentially interested people to penetrate space.

For Gemini's report, almost 30,000 adults were interviewed in 20 countries.

among those who plan to buy crypto for the first time next year were women, which indicates that the gender -specific gap could decrease when he owned crypto in 2022.

Overall, the possession of cryptocurrencies in Brazil and Indonesia is highest, with around 41 % of such assets in each country. This number is 20 % in the United States and 18 % in the United Kingdom.

value storage counting as the main driver

interviewed in countries who have experienced a devaluation of their currency by 50 % or more in the past 10 years with more than five times as likely that they are planning to buy crypto in the coming year.

Almost 60 % of the adults surveyed in Latin America and Africa, where many have experienced a hyperinflation, say that crypto is "the future of money". About 46 % of people in these regions expressly say that cryptocurrencies are a good opportunity to protect themselves from inflation.

Less than a quarter of adults in the USA say that cryptocurrency is the future of money, and 16 % call Krypto a great way to protect themselves from inflation. The vast majority of crypto owners in the United States-85 %-buys and holds crypto due to its long-term potential.

Consumer price index of the USA has increased 0.8 % in February, which increases the annual inflation to 7.9 %, the highest increase since January 1982.

"We assume that the influx of crypto investors will continue this year, as concerns about inflation in the USA and the worldwide interest increase," said Noah Perlman, Chief Operating Officer from Gemini, in an explanation.

Security and education hold adoption back

Consideration regarding trust, volatility and security, according to the report, were the main reasons why people did not buy cryptos. A lack of understanding of how to make purchases or how to save cryptocurrency was also mentioned.

About 56 % of adults in Africa and 51 % of adults in Latin America stated that educational resources would make it easier for them to buy cryptocurrency. In the United States it was 42 %.

worldwide, the respondents stated almost twice as often that additional education would help them start with crypto (40 %), compared to recommendations from friends (22 %).

The data showed that 33 % of non-owners in the United States provided that there were legal uncertainty when using crypto.

President Joe Biden signed a implementation regulation last month, in which various government agencies were asked to examine the "responsible development" of digital assets.

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The contribution Gemini Report: Crypto Reached 'Tipping Point' in 2021 is not a financial advice.