Indonesia and Brazil are ahead of most developed countries in crypto ownership.

April 5, 2022

According to Gemini’s report, every two in five (41%) people in Indonesia and Brazil own cryptocurrencies.

The report found that only 17% of the people in developed countries hold cryptocurrencies.

As compared to Indonesia and Brazil, only 17% in Europe, 20% in US, and 18% in Australia own cryptocurrencies.

More than half in Indonesia see cryptocurrencies as a hedge against inflation, and 61% believe that crypto is the future of money.

Gemini’s survey further revealed that nearly half of crypto owners globally purchased crypto for the first time in 2021.

In the United States, only 23% of the people see crypto as a hedge against inflation

In conclusion, 2021 was truly a breakout year for crypto as more than half of crypto owners in India and Brazil got started last year.