WHAT CRYPTO ADOPTION AROUND THE WORLD LOOKS LIKE… 🌎 | ||
I fell down the Internet rabbit hole last night… | ||
It all started because I was curious about one thing: where is crypto being adopted the most? | ||
Well check it out, this is the 2023 Global Crypto Adoption Index. | ||
| ||
What it does: combines on-chain and real-world data to figure out which countries are leading in crypto adoption. | ||
Why it’s cool: instead of just focusing on raw transaction volume (which can sway data toward wealthier countries), it measures the rate at which average, everyday people are adopting crypto. | ||
Here are some of the top takeaways: | ||
| ||
And then, there’s Greenland. | ||
It has as much crypto adoption as it does “green land” - 0. | ||
The biggest takeaway: most of the countries on the list have been plagued with devaluing fiat currencies, high interest rates, and corrupt governments. | ||
In other words, crypto is being adopted where crypto is needed most. |
India is #1 in crypto adoption. This is pretty surprising considering India charges a 30% tax on crypto gains.
Ukraine is the only European country ranked in the top 10.