Posted on 04-12-2021 by Admin
More than 100 million people have invested in crypto in India, which is the highest in the world. After this comes the number of America, where there are 27 million crypto investors.
A private cryptocurrency usually refers to a currency issued by an individual or company. Bitcoin is not a private currency, it is decentralised. It is available on Public Ledger. The regulation will treat bitcoin and other cryptos as assets or commodities.
Investors should not take any decision in haste. In the beginning of this year, there was a lot of volatility in the cryptocurrency market, but later there was a lot of boom in the cryptocurrency market.
Cryptocurrencies are being used around the world. This is the world of the Internet. In such a situation, in a democratic country, it is the right way to regulate it, not to ban it completely. Cryptocurrencies are regulated in the UK, Australia, China, France, Germany, Hong Kong, Italy, Japan, Singapore, South Korea and most states in the US.
Top 5 countries with most cryptocurrency holders are the following,
India 100 million
USA 27 million
Russia 17 million
Nigeria 13 million
Brazil 10 million
some of the demographics of crypto owners.
58% of crypto holders are under 34 years of age.
79% of them are male and 21% are female.
82% of them have bachelor’s degree or higher.
36% of them have annual income US$ 100k or more.