ussia, about 6% of the entire population owns cryptocurrency.
Posted: Mon Jan 20, 2025 10:25 am
According to Rosstat, 76.235 million Russians are of working age in 2024. Thus, the share of Russian citizens who have acquired cryptocurrencies exceeded 12% of the working population.
Valery Petrov, a member of usa whatsapp resource the expert council of the Russian Association of Cryptoindustry and Blockchain (RACIB), believes that the researchers' estimate of 562 million cryptocurrency holders in the world is plausible; RACIB also estimates the number of owners of such assets in Russia at approximately 9 million people. Nikita Stepanov, an analyst at FG Finam, is wary of this figure: he explained that one person may own several unrelated crypto wallets, and it is not always possible to accurately determine the country of the wallet holder.
According to Triple A research, the leaders in the number of cryptocurrency owners are the United Arab Emirates, Singapore, Turkey, Argentina and Thailand. Among the top 30 countries there are states with different levels of economy: for example, Slovenia and Luxembourg made it into this list. Russia did not make it into the top 30.
Asia maintains its leadership in the number of cryptocurrency holders. In 2024, the number of its owners grew to 326.8 million people compared to 268.2 million in 2023 - in other words, the growth was 22%.
Most often, cryptocurrencies are owned by people aged 24-35 years - they make up 34% of all its holders.
The rise in popularity of cryptocurrencies around the world, according to Triple A, is being driven by changes in regulation, media coverage, and the emergence of educational resources about them.
"Many countries are introducing the use of cryptocurrencies at the legal level, for example, in Zurich (Switzerland) you can pay for utilities using Bitcoin. And we should not forget about the resonant information field: when some cryptocurrency grows in price, people are afraid of missing out on profits and they make a purchase," explained Nikita Stepanov, an analyst at FG Finam.
Valery Petrov points to other reasons: "The significant increase in interest in cryptocurrencies over the past six months was primarily due to the speculative component associated with the significant increase in the price of Bitcoin, Ethereum, and subsequently other altcoins."
He believes that interest in cryptocurrencies in the world will be high until a financial crisis occurs: "First of all, in terms of traditional securities and financial assets, given that the amount of money issued abroad is so large that it many times exceeds the value of real assets. As a result of the sterilization of excess money supply, which the central banks of the world's largest economies are already working on, the demand for private cryptocurrencies as a speculative asset will decrease."
RAKIB predicts that in the next six months the number of cryptocurrency owners in the world will grow at a slight rate. In Russia, their number will not grow much either due to the law regulating mining - after its adoption, it may limit the circulation of cryptocurrencies in the count
Valery Petrov, a member of usa whatsapp resource the expert council of the Russian Association of Cryptoindustry and Blockchain (RACIB), believes that the researchers' estimate of 562 million cryptocurrency holders in the world is plausible; RACIB also estimates the number of owners of such assets in Russia at approximately 9 million people. Nikita Stepanov, an analyst at FG Finam, is wary of this figure: he explained that one person may own several unrelated crypto wallets, and it is not always possible to accurately determine the country of the wallet holder.
According to Triple A research, the leaders in the number of cryptocurrency owners are the United Arab Emirates, Singapore, Turkey, Argentina and Thailand. Among the top 30 countries there are states with different levels of economy: for example, Slovenia and Luxembourg made it into this list. Russia did not make it into the top 30.
Asia maintains its leadership in the number of cryptocurrency holders. In 2024, the number of its owners grew to 326.8 million people compared to 268.2 million in 2023 - in other words, the growth was 22%.
Most often, cryptocurrencies are owned by people aged 24-35 years - they make up 34% of all its holders.
The rise in popularity of cryptocurrencies around the world, according to Triple A, is being driven by changes in regulation, media coverage, and the emergence of educational resources about them.
"Many countries are introducing the use of cryptocurrencies at the legal level, for example, in Zurich (Switzerland) you can pay for utilities using Bitcoin. And we should not forget about the resonant information field: when some cryptocurrency grows in price, people are afraid of missing out on profits and they make a purchase," explained Nikita Stepanov, an analyst at FG Finam.
Valery Petrov points to other reasons: "The significant increase in interest in cryptocurrencies over the past six months was primarily due to the speculative component associated with the significant increase in the price of Bitcoin, Ethereum, and subsequently other altcoins."
He believes that interest in cryptocurrencies in the world will be high until a financial crisis occurs: "First of all, in terms of traditional securities and financial assets, given that the amount of money issued abroad is so large that it many times exceeds the value of real assets. As a result of the sterilization of excess money supply, which the central banks of the world's largest economies are already working on, the demand for private cryptocurrencies as a speculative asset will decrease."
RAKIB predicts that in the next six months the number of cryptocurrency owners in the world will grow at a slight rate. In Russia, their number will not grow much either due to the law regulating mining - after its adoption, it may limit the circulation of cryptocurrencies in the count