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HomeLaw & PoliticsVietnam tops the list in terms of highest proportion of crypto ownership

Vietnam tops the list in terms of highest proportion of crypto ownership

According to estimates provided by Triple A, a company that provides crypto business solutions, the United States is in the lead when it comes to the ownership of cryptocurrencies, with 46 million owners. This number is nearly twice as high as India’s 27.4 million owners, which is in second place.

On the other hand, when looking at the proportion of people who possess cryptocurrencies, the United States comes third with 13.7%. In contrast, Vietnam is at the top of the rankings for this category, with 20.3% of the population, or one in five individuals, possessing some kind of cryptocurrency.

A Twitter account by the name of @DocumentingBTC compiled a list of the top seven nations and included a map of bitcoin ownership taken from the website of Triple A. The chart depicted Asia as the continent with the biggest absolute number of individuals who owned a home, with 130 million people having this status. Oceania came in last place, with a total of just one million owners residing there.

According to Triple A, the use of cryptocurrencies is expected to increase on a worldwide scale. According to the most recent statistics, the total number of cryptocurrency users around the globe is about 320 million, which equates to an average of 4.2% of the world’s population possessing digital assets.

The demographics of ownership indicated that 63% of owners are male and 37% are female, and that almost three quarters of owners (72%) are aged 34 or younger. According to the findings of certain studies, cryptocurrency owners earn an average of $25,000 annually.

According to the most recent findings from the World Bank, the net national income per capita in the year 2020 was $8,784 dollars. This is a decrease from the 2019 total of $9,274. Even if this comparison isn’t perfect since the years don’t line up and the Globe Bank’s data doesn’t draw from every nation in the same way (for example, Eritrea’s contribution is from 2011), the disparities in wealth between crypto owners and the rest of the world are striking.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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