Important Points:
In 2024, 562 million people will have their own coin.
33% more holders in just one year.
Asia has 326.8 million holders, which is the most.
South America, Oceania, and Europe saw the most growth.
A look at the holders: 65% are between the ages of 25 and 44, and 61% are guys.
Changes in the way crypto is used and the number of holders
In 2024, there will be 562 million cryptocurrency users around the world, which is 6.8% of the world’s population. A big jump of 33% has happened in just one year, compared to 2023, when only 420 million people owned cryptos.
Spread Out in the World
Asia has the most cardholders (326.8 million), more than half of the world’s total. After that come South America with 55.2 million and North America with 72.2 million. This year, South America (+116.5%), Oceania (+114.3%), and Europe (+60.3%) have all seen the most growth. Africa is already one of the first places to use crypto, but its growth rate is only 8.5%.
Top 10 Places to Live
There is a high number of holders in a few countries, which make up the top 10 countries with the highest rates of crypto ownership.
Profile of People Who Own Digital Assets
Distribution by Age
Most people who own cryptocurrency are young. 34% are between the ages of 24 and 35, and 65% are between the ages of 25 and 44.
Distribution by Gender
Holders are mostly guys (61%), while women only make up 39%. The age gap between men and women is smaller between 18 and 24. This is typical of “Gen Z,” also known as “digital natives.”
Changing the way people pay for things
The rise in coin ownership is speeding up the change in how people pay for things. Now, businesses need to think about how they can change their payment ways to accept crypto. Nordic Air, Twitch, Gucci, and Balenciaga are just a few of the companies that have already done this. Well-known companies like Ferrari, Grab, Mercari, and Farfetch have also started taking cryptocurrency as payment in 2023 and 2024.
What Consumers Want
To learn about how people buy things, Triple-A polled 7,000 people in seven countries: the United States, Argentina, Brazil, Mexico, Hong Kong, Canada, and the United Arab Emirates. Some important results are:
65% of those who answered would like to use digital currencies to pay for things.
80% of people want to be able to use cryptos to buy everyday things like food and toiletries.
55% of people would choose to do business with a company that accepts crypto over one that doesn’t.
43% of people said they’d buy more things online if they could pay with bitcoin.
39% would rather be paid in crypto, and 27% would like a mix of crypto and regular money.
What’s Driving Crypto Adoption Around the World
Over the past year, there have been big changes in the rules and regulations. Some people don’t like stricter rules, but the market as a whole gains from clear rules, global standards, and well-defined roles, which make crypto investors safer. More institutional investors are now ready to get into the market. This means that more people can buy crypto-based products and use digital assets. When the first Bitcoin Spot ETFs were approved in January 2024, Bitcoin became a popular trading choice for regular people.
Bitcoin Should Halve
In 2024, Bitcoin had its fourth “halving,” which meant that the awards for BTC miners were cut in half. This event, which happens every four years, is meant to slow down the creation of new Bitcoins, making them scarce in a way similar to how gold is scarce. In the months running up to a Bitcoin halving, investors have always been more interested and the market has been busier. The April 2024 split, like the ones that came before it, helped to even out the market and bring in new fans from all walks of life.
The media and FOMO
Not only has social media helped make digital goods more well-known in 2024, but so has traditional media. They have brought new people into the crypto space by covering events in the sector. Some people are drawn to cryptocurrencies because of the fear of missing out (FOMO) that comes from all this media attention. But fear of missing out (FOMO) can make people do dangerous things and hurt the long-term growth of markets. Along with media coverage, there are now a lot of educational tools available. This helps new investors learn more before they invest, which is good for the sector.
Price rises
People are also drawn to cryptocurrencies because of inflation and its worst form, hyperinflation. In the past, countries that have been hit the hardest by price increases have become more interested in digital assets. Inflation has made local currencies worth less, so people are turning to cryptocurrencies to protect their assets and keep their finances stable.
The Triple-A report shows that the use of cryptocurrencies has grown significantly on all countries. Today, more than $100 billion has been invested in the bitcoin market. How far can digital monies go?
In conclusion
When cryptocurrencies are used all over the world in 2024, it will be a big change in how people handle their money. This is because people want a new, faster way to send money around the world. Besides this wish, many other things are causing more and more people to use cryptocurrencies, such as changing laws, Bitcoin halving events, media coverage, and inflation.
FAQ
Q1: How many Bitcoins did Metaplanet recently purchase? A1: Metaplanet recently purchased 42 Bitcoins, valued at approximately $2.4 million.
Q2: What is the total Bitcoin holding of Metaplanet now? A2: The company’s total Bitcoin holdings now stand at 203 BTC.
Q3: What economic challenges is Japan currently facing? A3: Japan is dealing with prolonged economic stagnation, a declining yen, an aging population, and a shrinking workforce.
Q4: How has the Bank of Japan responded to these challenges? A4: The Bank of Japan has maintained a low-interest rate policy to stimulate growth, contrasting with the tightening policies of other major developed nations.
Q5: How did Metaplanet’s stock price react to the Bitcoin purchase announcement? A5: Metaplanet’s stock price rose by 1.2% early in the Asia trading session, to around $0.50.
Q6: How does Metaplanet’s Bitcoin strategy compare to other companies? A6: Metaplanet’s strategy is similar to that of MicroStrategy, which also significantly invests in Bitcoin to strengthen its balance sheet.
