According to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis, Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the USA are at the top of cryptocurrency adoption. If we consider the financial hardships during the current Covid epidemic, in the next list, we can see countries that need safe-haven reserve assets such as Bitcoin.
This is really interesting data, for anyone that has been in top of this market it was easy to know that China and the US were going to be on the top of that list but I find it very interesting that three countries in Africa are at the top the list as well, this is great, for a long time people have been guessing that the richer countries will have faster adoption but it seems that countries which are not as well developed will still adopt cryptocurrencies relatively quickly.
However I'm surprised to not see Japan in that list so it will be interesting to know what's happening there, since just a few years ago it seemed as if they were going to be the leaders when it came to adoption.
