Global Crypto Ownership Rises 6.8% Before Bitcoin Bull Run
Digital asset ownership has topped 6.8%, according to a recent crypto research. This adoption spike comes before the predicted crypto bull run, since many regard cryptocurrency as a good investment.
Crypto adoption soars in 2024
Triple A, a digital asset service provider, presented a study on May 24 analyzing worldwide cryptocurrency adoption statistics, highlighting the industry's growth since 2023 and identifying nations with the biggest crypto ownership.
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In 2024, Triple A estimates that 562 million individuals, or 6.8% of the world population, owned digital assets. This tremendous rise is 34% higher than 2023's 420 digital asset owners.
The research said that the UAE, Singapore, Turkey, and Argentina had many bitcoin owners.
Triple A said that among the top 30 economies with the highest cryptocurrency ownership percentage, the UAE leads with 25.3% out of 6.8% worldwide rate, followed by Singapore with 24.4%.
The survey also noted that developing nations like Turkey and Argentina, despite their economic differences, had a higher proportion of crypto investors than Slovenia and Luxembourg.
Asia is a leader in bitcoin ownership and a center for digital assets and new technology. Asia has more than half of the 562 million bitcoin owners worldwide. North America has 72.2 million bitcoin owners, lagging behind.
Asia has seen a rapid increase in bitcoin usage, from 268.2 million investors in 2016 to 326.8 million in 2024. This large growth shows the continent's rising embrace of digital currency and dedication to digital innovation.
Causes of Global Crypto Adoption
The imminent crypto bull run, governmental developments, and media attention have driven cryptocurrency adoption across geographies. Triple A reports that clearer digital asset legislation in 2024 turned the bitcoin business from a marginal market to a financial powerhouse.
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