Countries that invest the most in cryptocurrencies

In which countries in the world are cryptocurrencies most used? The result of a survey by the Statista Global Consumer Survey may surprise you.

9% of Spaniards have invested in cryptocurrencies

More and more investments are made in digital currencies. As Bitcoin hits all-time highs and many other altcoins establish themselves as new claims, investing in cryptocurrencies has become an alternative option to traditional forms of investment that are becoming less and less trusted, especially in times of economic uncertainty like the one we live today.

With this in mind, many people have started investing in cryptocurrencies even though their valuation fluctuates. According to the above report, Nigeria is the country where users have the most digital currencies. Up to 32% of Nigeria’s residents have invested in cryptocurrencies, and the country’s central bank has had to close accounts operated in those currencies, claiming their circulation has not yet been legalized.

Anyway, in Nigeria, one of the richest countries in Africa, an estimated $ 400 million was moved for cryptocurrency transactions, which is a very large amount, the highest in the world. Other African nations are also sneaking into the top 10 countries that invest the most in cryptocurrencies.

Besides this country, Vietnam and the Philippines were the nations in which the most cryptocurrencies were invested in 2020. Almost 20% of the population of both countries invests in cryptocurrencies. After Africa, Southeast Asia is the area of ​​the world where more investment is made in digital currencies.

In Latin America, Peru is the country where the most investments in cryptocurrencies are made. Up to 16% of the population owns these assets, while other nations in the region such as Brazil, Colombia, Argentina, Mexico, and Chile also exceeded 10% of the investor population.

In Europe, it certainly lags behind. Switzerland and Greece, where 11% of the population of each country use or give away cryptocurrencies, would be at the top of the list, while in Spain they stay at 9%.

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