Global cryptocurrency ownership has surged, with 6.8% of the world's population now holding digital assets. This data comes from a recent report by Triple A. Analysts say this is showing a significant rise ahead of a potential Bitcoin bull run. As of 2024, around 562 million people own cryptocurrencies, up from 420 million in 2023.
This increase is notable in countries like the UAE, Singapore, Turkey, and Argentina. The UAE leads with 25.3% ownership, followed by Singapore at 24.4%. Emerging markets are also seeing strong adoption.
Asia is the largest hub for crypto, with more than half of the total global crypto owners.
The continent's crypto ownership grew from 268.2 million to 326.8 million in 2024. North America lags behind with about 72.2 million crypto owners.
Factors driving this surge include upcoming Bitcoin and Ethereum ETFs and improved regulatory clarity. The anticipated 2024 Bitcoin bull run is expected to be the largest yet, boosting investor interest.
Educational resources like Binance Academy and Coinbase Institute are also contributing to this trend, educating new investors on digital currencies and their potential. With these developments, the crypto market is poised for significant growth.