As for the Apac region, Indonesia has been seen to have an increasing ownership of cryptocurrency, followed by Singapore and Hong Kong. At a global scale, Indonesia also continues to rank high in terms of overall cryptocurrency adoption, exceeding the ownership levels of major countries, such as the USA, India and Germany.
The year 2021 was the breakout year for cryptocurrencies, according to Gemini’s Global State of Crypto report, moving one step further in asserting itself as a global, established asset class. This is seen from the cryptocurrency market capitalisation hitting nearly US$3 trillion in 2021, making cryptocurrency the best performing asset class of the past ten years.
This comes after nearly 50% of cryptocurrency owners first bought cryptocurrency last year, in particular with more than half of cryptocurrency owners in Brazil, Hong Kong, and India having gotten started in 2021. In Europe, two in five of those who own cryptocurrency started investing in 2021 as well.
