Report indicates a significant increase in 2021

[joker_josue]

A new report from Gemini indicates that in several places around the world, the number of people with cryptocurrencies will almost double, in 2021.

The report reveals that almost half of all cryptocurrency owners acquired cryptocurrencies for the first time in 2021. Probably because of the appreciation that Bitcoin and the rest of the coins have had in the last year.

The main points of this study were the following:

- 2021 Was Crypto’s Breakout Year: Forty-one percent of crypto owners surveyed globally purchased crypto for the first time in 2021.
- The Crypto Gender Gap May Be Narrowing: Among the crypto curious who plan to purchase crypto for the first time in the next year, 47% were women globally.
- Inflation a Primary Driver for Crypto Adoption: Respondents in countries that have experienced 50% or more devaluation of their currency against the USD over the last 10 years were more than 5 times as likely to say they plan to purchase crypto in the coming year.
- Crypto Regulation A Top Concern Globally: Among non-owners, 39% in Asia Pacific, 37% in Latin America, and 36% in Europe saying there is legal uncertainty around cryptocurrency.
- Education is the Greatest Barrier to Ownership: Globally, respondents were nearly twice as likely to say that more educational resources on cryptocurrency would help them get started with crypto (40%), compared to recommendations from friends (22%).

You can see the report here: https://www.gemini.com/blog/new-gemini-report-crypto-ownership-nearly-doubled-in-u-s-latin-america-and


What do you think about these numbers?

[Dunamisx]

Your instance might be right as the number of bitcoin users tend to increase every year, base on last year's report, it was recorded that more adoption was recorded and the increase outweigh the previous years and same i think is going to happen this year as well, the data that will be generated will surpass 2021 as bitcoin increases with new users and the adoption keep expanding till the whole world is fully aware of it and accepted it as the only digital legal tender.

[joker_josue]

Your instance might be right as the number of bitcoin users tend to increase every year, base on last year's report, it was recorded that more adoption was recorded and the increase outweigh the previous years and same i think is going to happen this year as well, the data that will be generated will surpass 2021 as bitcoin increases with new users and the adoption keep expanding till the whole world is fully aware of it and accepted it as the only digital legal tender.

Do you really think that after the value of downloaded a lot, compared to last year, that this year will surpass the number of new users last year?

It's just that last year there was actually a more significant increase in terms of the number of people who started using cryptocurrencies.

[Moneyprism]

since 2018 I am quite optimistic that crypto users will increase significantly in the future ... this is because with the ease of investing in crypto and also various other innovations which make it easier for crypto users to earn profits..

[cabron]

41% is just among the 30,000 individuals that Data Driven Consulting Group sees to be first-timer investors in crypto in 2021.

Despite the economy, there are people coming o crypto to invest, these must be the guys who believed thier influencers saying BTC as a good hedge against inflation. How they found out about these influencers is definitely through social media so I don't see why respondents will still ask for educational resources when everything can be found online.

[Poker Player]

A new report from Gemini indicates that in several places around the world, the number of people with cryptocurrencies will almost double, in 2021.

The report reveals that almost half of all cryptocurrency owners acquired cryptocurrencies for the first time in 2021. Probably because of the appreciation that Bitcoin and the rest of the coins have had in the last year.
...
What do you think about these numbers?

What I think is that it confirms a global trend of increasing acquisition and use. A simile is often repeated with respect to this and it is that we are today with respect to the use of cryptocurrencies as we were with respect to the use of the internet around the year 2000. There are still years to go before everyone has cryptocurrencies in their cell phones and can pay with them, but we are heading in that direction.

[Strongkored]

What do you think about these numbers?

the increasing numbers prove that cryptocurrencies are becoming more and more popular and also an option to protect their money from depreciating due to inflation, so this number will continue to rise. The high increase in 2021 could be due to news about the BTC price reaching the latest ATH so many are interested in starting to own it

[joker_josue]

What I think is that it confirms a global trend of increasing acquisition and use. A simile is often repeated with respect to this and it is that we are today with respect to the use of cryptocurrencies as we were with respect to the use of the internet around the year 2000. There are still years to go before everyone has cryptocurrencies in their cell phones and can pay with them, but we are heading in that direction.

I hope so!

But unfortunately, these new users of cryptocurrencies, aren't they here to just deal with them as financial assets? With the idea that they will make a lot of money?
I think unfortunately, most of these people only got into this, because of a high return perspective, not to use on a daily basis.
But I hope I'm wrong.

[DapanasFruit]

But unfortunately, these new users of cryptocurrencies, aren't they here to just deal with them as financial assets? With the idea that they will make a lot of money? I think unfortunately, most of these people only got into this, because of a high return perspective, not to use on a daily basis.
But I hope I'm wrong.

Actually, I believe you are right but we have to face the reality that by human nature people will get into something because they are projecting that they can get some benefits out of it...we can call it as greed or selfishness but this is the reality and this is very true in whatever arena or industry humans got into. This is true to me, at least at the very start and then I started to understand the concept of cryptocurrency and the many good things we can all derived from it. The most important thing is that Bitcoin and crypto in general is growing as more and more people are coming in for whatever reason it might be. We are hoping that 2022 can also be doing better in terms of new comers to the crypto market.

[Wexnident]

Increasing proof that crypto is slowly becoming more and more well-known to others, whether it be as a form of investment or as a form of currency (though tbh, I think the majority of those would be in it for the investment part). I reckon it wouldn't be odd for it to continue increasing in the following years, but I don't think they're here to stay. I reckon most would actually drop off in the near future, or at the very least, wouldn't touch crypto again after a few years has passed.

[ChiBitCTy]

As I’ve said many times here, I’m a financial advisor in the United States so I’m constantly working with individual clients on their financial plans / retirement plans and one question that I get that continues to keep picking up is “what do you think of bitcoin /crypto”.. I’ve “sold” god knows how many Trezor wallets for them. So yes I expect this trend to continue.

[noorman0]

These numbers was also largely contributed by people who decided to find alternative income during the COVID-19 pandemic phase by using the "work from home" method as recommended by WHO. In this sense, online (remote) work is the goal of a real job switch that offers wider opportunities with crypto as a more manageable means of cross-border payments.

[TheUltraElite]

It is a report of numbers and should always be taken with a grain of salt. If you ask on this forum, how many people love bitcoin, you will get a more than 90% positive answer, but does that not represent the entire world but a niche group only.

I dont mean to demean the survey done here, but the point is that these numbers dont mean anything unless there are positive movements from the sector itself. How many legit projects did we see that actually made an impact in the market instead of being a vaporware? Clearly that number of very small till date.

It is good to see adoption of crypto increasing, but it is still in its baby phases, with scams everywhere. Awareness and knowledge needs to be improved first.

[joker_josue]

As I’ve said many times here, I’m a financial advisor in the United States so I’m constantly working with individual clients on their financial plans / retirement plans and one question that I get that continues to keep picking up is “what do you think of bitcoin /crypto”.. I’ve “sold” god knows how many Trezor wallets for them. So yes I expect this trend to continue.

Well, then you must really feel this increase in interest from people/your customers.

Did you feel that in 2020 and 2021, because of the pandemic, your customers were more interested in cryptocurrencies, or was I just like the other years?

[Mometaskers]

Cryptos have always been described as "risky" by the mainstream but with extra uncertainty in the past years, many have probably decided it's a risk worth taking. Considering the war in Ukraine this year and reports of another series of severe lockdowns in China, I'm expecting this trend of newcomer wave to continue this year.

[Gozie51]

2021 can be considered as the year of explosion of internet search for jobs after 2020 that kept people at home and those who already had something to do online had no problem going around the internet to find what to help themselves and family with and those that don't have internet knowledge had to start learning and last year many offices came up online and the market was taken to the internet. So I can agree that it was the year real internet advantage was taken.