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.