List Of Countries With The Highest Rates Of Crypto Ownership

According to data provided by Triple-A, as of 2023, the UAE and Vietnam lead the list of countries with the highest rates of crypto ownership, while India, China, and the USA top the list in terms of the total number of crypto owners.

According to the percentage of the population that possesses bitcoin, the top 10 countries are ranked in this image by Marcus Lu of Visual Capitalist.

Data and Highlights

The rates of cryptocurrency ownership in the top 10 nations are shown in the table below, along with the corresponding population figures.

It should be noted that India would come in top place with 93 million cryptocurrency owners, followed by China with 59 million and the United States with 52 million if we were to rank countries according to the real number of cryptocurrency owners.

However, it’s worth noting that even with growing interest in cryptocurrencies, concerns about their stability remain. As reported by GreatGameIndia earlier, when asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will ever become as stable as gold.

The UAE Takes the Top Spot

Globally, the United Arab Emirates (UAE) has the greatest percentage of cryptocurrency ownership. The government of the nation is seen as being particularly supportive of cryptocurrencies, as stated in Henley & Partners’ Crypto Wealth Report 2023:

In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling.

The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.

Vietnam leads Southeast Asia

The Crypto Council for Innovation claims that the tax-free nature of bitcoin holdings in Vietnam makes them a desirable asset.

Vietnam’s high ownership percentages may also be attributed to the country’s sizable unbanked population (those without access to financial services).

An alternate method of obtaining these services without depending on conventional banks can be offered via cryptocurrencies.