According to a study published by cryptocurrency news site Finbold, about 10% of the global population now owns some form of cryptocurrency.
Thailand accounts for the highest share of cryptocurrency holdings at 20.1%, followed by Nigeria at 19.4%, a similar percentage to the Philippines. The United States ranks in 14th spot with a share of 12.7%.
The ownership of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) is concentrated among individuals aged between 25-34 years, with males accounting for 15.5% while the female share stands at 9.5%.
The increased adoption has resulted in cryptocurrencies becoming part of people’s daily lives, replacing some of the roles played by the traditional monetary systems. The cryptocurrency sector offers services such as lending and emerging as alternatives to conventional finance such as paying salaries.
The over 10% ownership can also be considered significant since cryptocurrencies are a fairly young asset class that is emerging as an investment product.
