41% of Crypto Investors Didn’t Own Assets Before 2021, Gemini Survey Finds

Gemini Unveils Global Survey Results

The American Exchange Geminifounded by the Winklevoss brothers, conducted an investigation on nearly 30,000 people in 20 different countries, in order to establish the profile of investors in the blockchain world. The study was conducted in two stages, namely once on November 23, 2021, then again on February 4, 2022.

In particular, we learn that 41% of respondents started in 2021. These figures are even more striking in countries with high inflation, such as Brazil, which records 51% on this same criterion. India, for its part, has a result of 54%, even if its inflation is lower.

The Gemini survey also reveals that Brazil and Indonesia are the countries studied with the most cryptocurrency holders in relation to their population, at 41% each.

Figure 1: Percentage of population holding cryptocurrencies by country

The results are obviously to be put into perspective, because they grant 16% of investors in Francewhile a recent study conducted by ADAN and KPMG revealed half as many. Thus, it is always interesting to cross-check several sources.

๐Ÿ‘‰ Discover our list of platforms to buy your first cryptocurrencies

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The female population in cryptos

The study also looked at behavior by gender. It is observed, according to the report, that women owning cryptocurrencies represent a third of the population surveyedbut that this figure is highly variable from one country to another. For example, they only represent 18% in Denmark against 51% in Israel.

On the other hand, we can hope get closer to parity in the sense that, among those surveyed, 47% of people planning to buy cryptocurrencies for the first time in 2022 are women. And unsurprisingly, it is the 25-34 age group that dominates, representing 29% of the total result.

Crypto Male Female Comparison

Figure 2: People wanting to buy crypto-assets for the first time in 2022

The reasons that hinder or on the contrary motivate to start

Gemini’s survey reveals that the more a country sees its currency devaluing against the dollar, the more likely its population is to be interested in investing in crypto-assets.

Brazil is again a striking example, 45% of non-owners surveyed want to get startedwhile the dollar rose by 217.65% against the real. In comparison, only 8% of French people who do not own cryptos would like to take the plunge, while the euro rose by 14.29% against the dollar during the same period.

The reasons for not getting started are very diverseas shown in the infographics below:

Reasons not to start

Figure 3: Reasons holding back investment

Overall, the results are similar from one region studied to another. We will find the classic arguments such as the fear of volatility with an average of 27.5%, or the lack of knowledge at 38%.

However, you can find there interesting disparities. While the lack of trust argument represents an average of 24% overall, for Latin America and Africa, this concern represents only 12 and 24% respectively. These values โ€‹โ€‹take on meaning when we observe that they relate to geographical areas highly prone to inflation.

If of course it is difficult to consider the accuracy of this survey to the comma, it nevertheless reveals interesting statistics. Blockchain and cryptocurrencies come into their ownthe trend is confirmed year after year, and it is a dynamic that is part of a global trend.

๐Ÿ‘‰ On the same subject โ€“ 21% of Americans have already invested in cryptocurrencies, according to a survey

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Source of images and information: Gemini

About the Author : Vincent Mayor

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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
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