Have You Seen This CRYPTO REPORT!? You Won’t Believe THIS!!
Published: 2024-06-27
Status:
Available
|
Analyzed
Published: 2024-06-27
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The video will explore the fastest growing regions for crypto adoption, the driving factors, and which cryptocurrencies are poised to benefit.
"this begs the question of where crypto adoption is growing the fastest what's driving this crypto adoption and which cryptos stand to benefit"
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The UAE has the highest crypto adoption rate globally at 25.3%.
"here in the UAE 25.3% of people have adopted crypto which makes the uee the number one country for adoption"
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Singapore ranks second globally for crypto adoption at 24.4%.
"other countries noted are Singapore which sits in second place with 24 .4%"
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Hong Kong has a 14.3% crypto adoption rate.
"and Hong Kong with 14.3% of people adopting crypto"
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11% of people in the UK have adopted crypto, based on 2024 statistics.
"11% of Brits have adopted crypto According to some 2024 statistics from finder"
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Asia leads crypto adoption with 326.8 million users, an increase of 21.8% since 2023.
"Asia is leading the adoption Race by quite a wide margin with 3 26.8 million people getting involved an increase of 21.8% since 2023"
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North America has 72.2 million crypto users, experiencing a faster adoption growth rate of 38.6% year-over-year.
"North America Trails behind in second place with 72.2 million people there using crypto it's a lot fewer people but adoption has grown faster there with a 38.6% increase since last year"
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Africa has 43.5 million crypto users, with the smallest year-over-year adoption increase at 88.5%.
"Africa meanwhile has 43.5 million crypto users but has the smallest percentage increase of all six listed continents with a modest 88.5%"
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Europe has 49.2 million crypto users and a 60.3% adoption growth rate.
"Europe has 49.2 million crypto users and has an impressive adoption growth of 60.3%"
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South America's crypto user base grew from 25.5 million in 2023 to 55.2 million in 2024, an increase of 116.5%.
"South America had 25.5 million crypto users by 2024 that number has more than doubled to 55.2 million people an increase of 11 16.5%"
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Oceania experienced a 114% increase in crypto users, reaching 3 million.
"and oceanana well they saw an increase of 114% to 3 million crypto users"
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70% of surveyed individuals would use cryptocurrency for travel, hospitality, and leisure expenses.
"70% said they would use crypto for travel hospitality and Leisure"
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80% of respondents indicated they would use crypto for daily retail and consumer goods purchases.
"80% of respondents said they would use crypto for daily retail consumer goods"
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55% of consumers would opt for an online store accepting crypto over one that does not.
"55% said they would choose an online store that accepts crypto over one that doesn't"
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56% of consumers would increase their shopping frequency at retailers that accept cryptocurrency.
"56% said they would shop more frequently with crypto-friendly retailers"
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43% of consumers would spend more online if cryptocurrency was accepted.
"43% would spend more online where crypto was accepted"
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39% of individuals would prefer to be paid entirely in cryptocurrency.
"39% said they would love to be paid solely in crypto"
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27% of individuals would prefer the option to be paid in both fiat and cryptocurrency.
"27% said they would prefer the option to be paid in both"
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Spot Bitcoin ETFs launched in the US on January 11th, integrating crypto with the traditional finance sector.
"this led to the spot Bitcoin ETFs in the US from the 11th of January"
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Hong Kong launched spot Bitcoin ETFs in April.
"it also led to the Hong Kong roll outs of spot Bitcoin ETS in April"
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Governments globally are developing regulatory frameworks to enhance transparency, protect consumers, and foster innovation in the crypto space.
"governments around the world are building the necessary Frameworks needed to ensure transparency and protect consumers while also fostering innovation"
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30 out of 35 surveyed jurisdictions have either implemented or are in the process of rolling out crypto legislation or regulations.
"30 of them either have legislation or regulation in place or are at some stage of rolling them out"
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China, Qatar, and Saudi Arabia have banned cryptocurrency entirely.
"three have banned crypto entirely these naughty step dwelling nations are China Qatar and Saudi Arabia"
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32 countries have implemented or are considering measures to combat money laundering and the financing of illicit activities in the crypto market.
"32 countries have either put measures in place or are discussing measures to protect against money laundering or the financing of very very bad stuff"
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The programmed reduction in Bitcoin's supply growth through halvings is expected to inherently increase its value over time.
"this deliberate slowdown in Supply growth mimics the extraction limits of Natural Resources inherently boosting bitcoin's value over time"
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Bitcoin is viewed as 'digital gold' due to its controlled inflation mechanism.
"and this control of btc's inflation is why you'll view it as a digital gold"
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Historically, Bitcoin halvings have acted as bullish catalysts, with anticipation leading to increased buying and price appreciation.
"historically halings have been bullish Catalyst the anticipation of this Monumental event means that people ape in before it takes place and number goes up"
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With Bitcoin halvings continuing until approximately 2140, the price is theoretically expected to rise for many years.
"with halvings expected to continue until around 2140 when the last BDC is due to be mind this means in theory number go up for many many years"
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In countries with severe hyperinflation like Turkey and Venezuela, cryptocurrency is being adopted as a hedge against economic instability and as a replacement for devaluing local currencies.
"crypto has become a Ed for many countries such as turkey and Venezuela have hyperinflation so severe that people are using crypto instead of their local currencies"
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Even with its own volatility, cryptocurrency can offer a source of stability in hyperinflationary environments because it is less volatile than the rapidly devaluing fiat currencies.
"in cases like these crypto can actually be a source of stability despite its relative volatility simply because it's less volatile than these Fiat currencies"
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Turkey's projected annual inflation rate is 59.5%.
"Turkey has the lowest projection for inflation growth at 59.5%"
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Venezuela is projected to experience 100% inflation this year, effectively doubling its money supply.
"Venezuela however has a projection of 100% inflation meaning that money supplies will literally double this year"
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Argentina's projected annual inflation rate is 249.8%.
"Argentina's projection of 20 49.8% inflation"
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Zimbabwe's projected annual inflation rate is a staggering 561%.
"Zimbabwe's projection of a staggering 561"
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The Argentine Peso has experienced a year-over-year devaluation exceeding 74%.
"the value of the Argentine peso has plummeted by over 74% year onye"
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The value of Bitcoin, when measured in Argentinian Pesos, has significantly increased.
"btc's value in Argentinian Pesos went through the roof"
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Cryptocurrency has become an essential tool for approximately 5 million Argentinians to mitigate the volatility of their local currency.
"it has become a necessary tool for people looking to avoid the volatility of their local currency let that sink in"
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Layer one cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, Toncoin, and Cardano are receiving significant global attention.
"the cryptos getting the most attention from all continents are layer ones such as Bitcoin ethereum BNB salana ton coin and cardano"
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Prominent GameFi cryptocurrencies to watch include Immutable, Gala, and Beam.
"crypto falling under this category could include immutable Gala and beam just to name a few"
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Leading AI-related cryptocurrencies such as Render and Bittensor are established within the top 100 by market capitalization.
"leaders in this Niche such as render bit sensor are now Staples in the top 100 by market cap"
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Key DeFi projects to consider include Uniswap (UNI), Jupiter (JUP), and Aave.
"prominent defi projects include Unis swaps uni Jupiter's Jupe as well as others like Ave"
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Notable projects in the tokenized Real World Assets (RWAs) sector include Ono, Mantra, and Pendle.
"projects you could consider looking at include Ono Mantra and Pendle"
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