This post will explore where the use/ownership of cryptocurrencies is highest and lowest and why.
Countries With The Highest Level of Adoption
Turkey
A breakdown in trade relations between Turkey and the US, a failing financial system and a massive devaluation of the nation’s currency, Lira, are all factors for Turkey’s high crypto adoption rate. Citizens are seeking a way to hedge their wealth against their plummeting native currency, and have turned to Bitcoin and other cryptocurrencies as potential safe havens. This is all furthered by the fact that the Government has a lenient stance toward crypto and allows for trading of such.
Crypto is growing rapidly in Turkey as well as 53% of the nation agreed that Bitcoin is the future of online spending. Bitcoin is also as popular as Forex in Turkey, as Forex trading is becoming more difficult because of new regulations.
Also Read: 5 Best Crypto Trading bots
