According to the Gemini, An important factor promoting adoption in these countries has to do with the financial crises that Brazil and Indonesia have gone through in recent times, something that invites residents to opt for cryptocurrencies to avoid being affected by the inflation a general increase in prices and fall in the purchasing value of money. of their local currencies.
The international exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. owned by the US-based Winklevoss brothers, Gemini, recently conducted a survey and found that Brazil and Indonesia are the countries where users have the most digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets.
This was revealed by Gemini in a recently conducted survey, in which nearly 30,000 people from 20 countries participated, which sought to establish which were the nations where there was a greater adoption. The results showed that Brazil and Indonesia were the countries where there was the highest adoption of these assets, together totaling 41% of the participants who claimed to have cryptocurrencies during the study in question.
While Brazil and Indonesia are leading the way, the US and the UK alone lag far behind the capitalised figures, together accounting for 38% adoption with 20% and 18% respectively.
Different readings depending on the situation
The results you found Gemini apuntan a que un factor importante que favorece la adopción es la presencia de crisis económicas, especialmente en los últimos meses, situación que a la par del auge que van registrando las criptomonedas, han llevado a los residentes a invertir en dichos activos como una forma de proteger su poder adquisitivo frente a problemas inflacionarios de sus monedas locales. Esta tesis fue confirmada por el 64% de los residentes de Indonesia, quienes afirmaron que la coyuntura financiera en el país fue un factor decisivo para promover la inversión.
On the other hand, the team of Gemini found that in countries with much stronger economies, such as the U.S. or the U.K., cryptocurrencies figure better as investment assets, on which there are high expectations in the medium / long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term that they can revalue and derive significant gains. In the US and European countries, only 15% to 16% of respondents agreed with the thesis of digital currencies as a safe haven asset.
Another interesting aspect is that in most of the countries referenced in the survey, the majority of participants indicated that they entered the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market an area or arena, online or offline, in which commercial dealings are conducted. for the first time in the course of 2021, which is consistent with what it found Huobi in a similar study, where he said that 7 out of 10 people started investing in these assets since last year.
Reading similar to that done by Chainalysis
It is worth noting that the results obtained in the survey of Gemini coincide to a large extent with the results of the study carried out by the analysis company Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Chainalysis, which determined that at least Brazil is among the 20 nations where there is greater adoption of cryptocurrencies.
With regard to this report, the premises proposed by Chainalysis y Gemini coincide in relation to the purpose for which people invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies. Higher levels of adoption are associated with bad financial outlooks (mainly Latin America and Africa), while in countries with more stable economies (USA / Europe) the vision points more to investment as the main motive.
However, the outlook for the Latin American market seems much friendlier for the crypto sector than in Asia. Here, analysts point mainly to the absence of strict regulations and a greater awareness on the part of the people for the same reasons stated above, while in Asia the need for a more effective approach is gaining more space.
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Version by Angel Di Matteo / DiarioBitcoin
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