America Left In The Dust? Global Crypto Adoption Skyrockets In Lower Income Nations!
Portfolio Pulse from Mohit Manghnani
Blockchain analysis firm, Chainalysis, has released the 2023 Global Crypto Adoption Index, highlighting the growth of cryptocurrency adoption worldwide. The index uses on-chain and real-world data to identify countries where a significant part of the population is investing in cryptocurrencies. The Central & Southern Asia and Oceania region leads the chart, accounting for six of the top ten countries. The index also shows a significant surge in crypto adoption in Lower Middle Income (LMI) countries.
September 12, 2023 | 5:24 pm
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POSITIVE IMPACT
The report indicates a significant increase in global crypto adoption, which could potentially increase the demand for Bitcoin, leading to a positive impact on its price.
The report indicates a surge in crypto adoption, especially in Lower Middle Income countries. As Bitcoin is the most widely recognized and used cryptocurrency, this increased adoption could lead to an increase in demand for Bitcoin, potentially positively impacting its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The report indicates a significant increase in global crypto adoption, which could potentially increase the demand for Ethereum, leading to a positive impact on its price.
The report indicates a surge in crypto adoption, especially in Lower Middle Income countries. As Ethereum is one of the most widely recognized and used cryptocurrencies, this increased adoption could lead to an increase in demand for Ethereum, potentially positively impacting its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70