Which Is The World's Most Crypto-Aware Population? ConsenSys Report Shows It's This African Nation
Portfolio Pulse from Benzinga Neuro
A recent global survey has revealed that Nigeria has the highest level of awareness about cryptocurrencies such as Bitcoin and Ethereum, surpassing major economies including the UK, US, Japan, and Germany. Despite the Central Bank of Nigeria severing ties with cryptocurrency exchanges in February 2021, 50% of the survey participants believe that regulators should create legislation promoting involvement while ensuring investor protection.
September 05, 2023 | 6:23 am
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POSITIVE IMPACT
The high level of crypto awareness in Nigeria could potentially increase the demand for Bitcoin.
The high level of awareness and ownership of cryptocurrencies in Nigeria, despite regulatory challenges, indicates a strong potential for increased demand for Bitcoin.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The high level of crypto awareness in Nigeria could potentially increase the demand for Ethereum.
The high level of awareness and ownership of cryptocurrencies in Nigeria, despite regulatory challenges, indicates a strong potential for increased demand for Ethereum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70