Crypto Adoption Report 2025 – Key Insights You Can’t Miss!
Published: 2025-01-07
Status:
Available
|
Analyzed
Published: 2025-01-07
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Nigeria has the highest percentage of respondents who correctly understand what a blockchain is.
"Nigeria had by far the best informed respondents of any country with 77% correctly choosing this statement."
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South Africa has the second highest percentage of respondents who correctly understand what a blockchain is.
"South African respondents came in second place with 52% choosing the correct description of a blockchain."
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South Africa has shown a significant year-over-year increase in blockchain understanding, gaining 22 percentage points from 2023 to 2024.
"it looks like South Africa is quickly gaining on Nigeria as this figure is 22 percentage points higher than it was in the 2023 edition of the same survey."
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Japan has a very low percentage of respondents who correctly understand what a blockchain is.
"in Japan the result was dismal with just 15% of respondents choosing the right definition."
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South Korea experienced a significant decrease in the percentage of respondents correctly identifying a blockchain, falling from 41% to 30% between 2023 and 2024.
"the percentage of respondents in South Korea who chose the correct definition of blockchain fell from 41% last year to 30% this year."
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Globally, 60% of respondents believe blockchain technology can help mitigate AI-related risks like fake news.
"Globally 60% of respondents answered in the affirmative. The question was: 'do you think blockchain technology could help mitigate the risks related to AI fake news etc.'"
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In the UK and Japan, the number of respondents who believe blockchain technology cannot mitigate AI risks (19%) significantly outweighs those who believe it can (6%).
"in both the UK and Japan 19% said no and just 6% said yes."
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Germany is the most skeptical country towards blockchain, with more respondents believing it cannot mitigate AI risks (27%) than those who correctly understand what a blockchain is (25%).
"Germany which was the most blockchain skeptical country in the survey 27% of respondents in Germany answered no whereas only 25% of respondents correctly identified what a blockchain is."
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A significant majority (85%) of Nigerians believe that blockchain technology can help mitigate AI-related risks.
"Nigerians are a whopping 85% of whom answered either yes or yes but I don't know."
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Nigeria leads all surveyed countries in crypto wallet ownership, with 84% of respondents owning at least one.
"Nigeria continues out chatting every other country in the survey with 84% of respondents reporting owning at least one wallet."
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In Nigeria, 31% of respondents own three or more crypto wallets, indicating a high level of user engagement.
"31% of respondents [in Nigeria] owned three or more crypto wallets."
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Nigerians aged 55-65 are the most engaged demographic in crypto, with 52% owning more than three crypto wallets.
"the group who reported owning the most crypto wallets were Nigerians between the ages of 55 and 65 a full 52% of respondents in this bracket owned more than three crypto wallets."
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A large majority of Italians (68%) do not own any crypto wallets, and an additional 12% are unaware of what a crypto wallet is.
"In Italy 68% of respondents reported not owning any crypto wallet and 12% said they didn't know what a crypto wallet is."
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Approximately 80% of respondents in the UK and Japan either do not know what a crypto wallet is or do not own one.
"in both the UK and Japan around 80% reported either not knowing what a crypto wallet is or not owning one."
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Stablecoin remittances are a significant driver of crypto adoption in Argentina, accounting for 62% of all crypto transactions by June 2024 due to inflation and currency devaluation.
"stablecoin based remittances have played an outsized role in pushing Argentina to the top spot amid runaway inflation and currency devaluation by June 2024 stablecoin transactions accounted for 62% of all crypto transactions in Argentina well above the global average of 45%."
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Argentina has the highest percentage of respondents (32%) who do not know what a crypto wallet is compared to other surveyed countries.
"in Argentina it's 32% [who don't know what a crypto wallet is] far higher than any other country surveyed."
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Crypto ownership has seen year-over-year increases in several countries, including Mexico (8%), Philippines (7%), South Africa (7%), Germany (5%), and Japan (4%).
"crypto ownership is up 8% year-on-year in Mexico up 7% in both the Philippines and South Africa 5% in Germany and 4% in Japan."
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A high percentage of respondents in surveyed African (87%) and Asian (51%) countries plan to invest in cryptocurrency.
"Of the African and Asian countryes survey a striking 87% and 51% respectively of respondents reported planning to invest in crypto."
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Interest in investing in crypto has increased in France (5 percentage points) and Germany (10 percentage points).
"in the more Crypt skeptic France and Germany the proportion of respondents who reported planning to invest in crypto increased by five and 10 percentage points respectively."
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Global ownership of leading stablecoins (USDT and USDC) has increased by 5%.
"the proportion of survey respondents who answered with the leading stable coins usdt and usdc increased 5% globally."
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Significant year-over-year increases in stablecoin ownership were observed in India (133%), South Africa (20%), Nigeria (18%), and the UK (12%).
"the proportion of respondents in South Africa who reported stable coin ownership was up 20% year-on-year in Nigeria it was up 18% % in India 133% in the UK 12% and somewhat surprisingly just 3% in Argentina."
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For the second consecutive year, the most common association with crypto globally is 'the future of money', with 17% of respondents holding this view.
"the concept that respondents most frequently associated with crypto was the future of money for the second year running 177% answered in this way globally down one percentage point from 2023."
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The second most frequent associations with crypto globally are 'alternative to the traditional financial ecosystem' and 'the future of digital currency', both chosen by 9% of respondents.
"in joint second place were alternative to the traditional Financial ecosystem and the future of digital currency each chosen by 9% of respondents."
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Negative associations with crypto, such as scams, phishing, crime, and money laundering, are reported by a minority of global respondents (7% and 5% respectively).
"negative associations such as scams and phishing and crime and money laundering are fairly far behind chosen by just 7% and 5% of respondents globally."
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In the US, a significant portion of respondents associate crypto with scams and phishing (34%), which is nearly five times higher than the global average, despite 29% associating it with an alternative financial system.
"29% of us respondents associate crypto with an alternative to the traditional Financial system but an alarming 34% also associate crypto with scams and fishing almost five times higher than the global average."
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Adoption of crypto is progressing rapidly in emerging markets like South Africa, India, Philippines, and Nigeria, while Europeans are more hesitant but showing increasing interest.
"Emerging Markets like South Africa India and the Philippines and especially Nigeria are taking to crypto like ducks to water Europeans are more resistant but are increasingly crypto curious."
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A surprising majority of global respondents lack a correct understanding of what a blockchain is.
"we were quite surprised to see that a large majority of respondents globally cannot correctly identify what a blockchain is."
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A lack of understanding about crypto contributes to the persistence of outdated fears, such as it being a tool for money laundering.
"Poor understanding is how outdated fears like crypto being a tool of money launderers persist although this is already quite a fringe view globally."
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Despite a limited understanding of blockchain, a global majority believes it can help mitigate AI-related risks like fake news.
"it's heartwarming that respondents limited understanding of blockchain didn't stop a global majority from believing that it can help to solve AI related risks like fake news."
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Expect continued positive progress in crypto adoption in 2025 and beyond.
"here's hoping for much more of the same good progress in 2025 and Beyond."
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