Cryptocurrency and Geography

It is no secret that cryptocurrency is becoming a normal part of investing and everyday life. Some parts of the world, however, are further along the path of cryptocurrency adoption than others. In this article, we will be looking at cryptocurrency adoption and how it varies between locations, according to the Fidelity digital assets institutional investor study of 2021.

Public Perception

The public image of cryptocurrency is arguably the most important factor when it comes to cryptocurrency adoption. It would appear that public perception is relatively good overall. On average, 70 percent of investors worldwide have a neutral to positive perception of cryptocurrency. Specifically, 45 percent of investors perceive cryptocurrency positively, while 25 percent of investors have a neutral opinion. The remaining 30 percent perceive cryptocurrency negatively.

Asia takes the lead, showing that 63 percent of investors have a positive perception of cryptocurrency and 21 percent of investors with a neutral opinion on the subject. Europe is right behind Asia, showing 49 percent of investors with a positive perception of cryptocurrency. United States investors tend to have a more negative outlook on cryptocurrency, showing that 38 percent of investors view cryptocurrency negatively.

Current Adoption

Currently 52 percent of investors worldwide currently have an investment in digital assets. Not surprisingly, most of these investors live in Asia and Europe. In Asia, a whopping 71 percent of investors possess some kind of digital asset, while 56 percent of European investors and 33 percent of United States investors possess digital assets.

Why is this you might ask? It is likely that investors in Asia and Europe have been exposed to cryptocurrency to a greater degree than United States investors. Investors in Asia have been using cryptocurrency for longer on average than those in Europe and the United States, therefore investors in Asia have had the benefit of early entry. It would make sense that investors who have benefited from early entry would be more likely to be bullish on the subject.

Appeal of Digital Assets

The appeal of digital assets has grown in every region of the world, which is not too surprising. The main appeal for most investors is the high potential upside for cryptocurrency investments. In fact, 43 percent of investors on average are attracted to cryptocurrency because of the high potential upside. The second most common factor which drives 39 percent of cryptocurrency investors towards digital assets has to do with the way the technology is perceived. Cryptocurrency is regarded by this cross section of investors as an innovative technology play. The third most appealing factor for cryptocurrency investment. 37 percent of cryptocurrency investors are driven to digital assets because they are by enlarge uncorrelated with more traditional assets. Some of the other reasons investors are drawn to digital assets include decentralization at 29 percent, lack of government intervention at 24 percent, macro/inflation at 23 percent, arbitrage opportunities at 18 percent, censorship resistance at 16 percent, yield opportunities at 15 percent, and participation in the DeFi ecosystem at 13 percent.

Conclusion

It is clear from this study that cryptocurrency adoption is ramping up on a global scale. Some regions have advanced to a greater degree than others, however the results from this 2021 survey shows an increase in adoption in every part of the world. We highly recommend you look at our Killer Whale Products Page to see which Killer Whale Products are right for you!

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