If You’re Betting on Blockchain, Keep These Countries in Mind
A recent Chainalysis report, Geography of Cryptocurrency, ranks Vietnam, first in cryptocurrency adoption:
Vietnam shows extremely high purchasing power and population-adjusted adoption across centralized, DeFi, and P2P cryptocurrency tools.
It is the second time in a row, that Vietnam is ranked 1. You can see the top 20 at the bottom of this article.
What About the Down Turning Bear Market?
Overall adoption slows worldwide in the bear market but remains above pre-bull market levels.
Chainalysis data shows that global adoption has leveled off in the last year after growing consistently since mid-2019.
Emerging Markets Dominates Crypto Adoption but UK and USA are Doing Well
Using World Banks categories for income level, we notice that out of the top 20 ranked countries, the middle two categories dominate the top of our index:
- Ten are lower-middle income: Vietnam, Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia
- Eight are upper-middle income: Brazil, Thailand, Russia, China, Turkey, Argentina, Colombia, and Ecuador
- Two are high-income: United States and United Kingdom
According to Chainalysis, users in lower- and upper-middle-income countries often rely on cryptocurrency to send remittances, preserve their savings in times of fiat currency volatility, and fulfill other financial needs unique to their economies.
Over the coming years, we are betting on tokenizing real estate as securities and are making them liquid assets through our $BRICK-token and the platform RealEstate.Exchange.
Here we are listing real estate property from every continent in the world and will accept any retail investor, that is eligible through the comprehensive KYC process conducted by RealEstate.Exchange.
Shout out to Kim Grauer, Will Kueshner, Henry Updegrave, and Chainalysis for conducting the report.
