Gemini Survey: Crypto Adoption Saw Huge Breakout Year In 2021

It seems that crypto adoption is seeing more and more strength. A new survey is out, and it was released by the Gemini exchange. Check out the interesting details that have been also addressed by the online publication the Daily Hodl.

It’s been revealed that a study conducted by crypto exchange platform Gemini finds that crypto adoption reached a crucial tipping point in 2021.

In a new report, Gemini surveyed more than 29,000 adults in 20 countries. This has been made in an effort to gauge the world’s awareness and attitude toward digital assets.

The polls were performed in North America, Latin America, Western Europe, the Middle East, and the Asian Pacific regions. There, Gemini spoke to people aged 18 to 75 with a minimum income of $14,000.

2021 was called by the crypto exchange a “breakout year.”

Gemini says that 41% of crypto owners made their first-ever purchase during that period. Another 41% of survey participants are said to be “crypto curious.”

The study showed that inflation is currently a strong motivating factor for crypto buyers.

“Respondents in countries that have experienced 50% or more devaluation of their currency against the US dollar over the last 10 years were more than five times as likely to say they plan to purchase crypto in the coming year than those in countries that have experienced less than 50% currency devaluation.”

It’s also important to note the fact that more and more people are seeing crypto as real money and a store of value each year.

Gemini concludes the following:

“Cryptocurrency reached a tipping point, evolving from what many considered a niche investment into a global, established asset class.”

The mass adoption of digital assets has been one of the most important goals that the crypto industry set. There have been a lot of moves made in this direction, and they will definitely continue.