Post
Topic
Board Economics
Re: Cryptocurrency users statistics
by
coolcoinz
on 08/06/2019, 18:36:05 UTC
Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/
I just read the article and realised that the top users are also from the world economic or political powers such as the US, China and Russia. This is also due to the level of awareness and technological advancement which the citizens have taken advantage of too. You won't expect people from poorer countries to have easy access to such information and technology.
Statistically, Bitcoin users are dominated by users in developed countries, this is because people in developed countries have high access to information and technology. Infrastructure is a benchmark for determining how many users access Bitcoin. Poor countries really don't access Bitcoin too much, this is because infrastructure is still limited because crypto access really requires internet networks and computer devices such as smartphones and various other sophisticated hardware.

I'd say it's a mix of education and wealth. Investing won't be popular in countries that fail at one of the below:
-the average income per capita is low
-the average IQ is low

It's a simple fact that some people are trying to deny, but there's a reason why Africa or the Middle East will never be crypto trading powerhouses.