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Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin – Emerging Markets Bitcoin News


The variety of surveyed South Africans that own crypto grew partially from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 nations whose web users took part in the study.

South African Ownership Rate Listed Below Worldwide Typical

According to the findings of the most recent Finder study, out of the 2,003 South African web users that were surveyed, 11.3% stated they own cryptocurrency. This cryptocurrency ownership rate is stated to be partially greater than that of the United States (10.5%) and Sweden (9.8%).

Still, as the study findings reveal, South Africa’s newest cryptocurrency ownership rate is yet listed below the worldwide average, which leapt from 11.2% in October to 15.5% in December 2021. From the overall of 27 nations that were surveyed, South Africa is now placed in 21st location.

In regards to the appeal of various cryptocurrencies, the study findings suggest that 56% of the crypto owners in South Africa own bitcoin. With this percentage of web users that own BTC, South Africa is the second-highest ranked out of the 27 nations. Nevertheless, the findings likewise appear to recommend that other cryptocurrencies are picking up speed.

“In between now and the last study, the variety of crypto owners surveyed who stated they held BTC has actually fallen from the 73.5% of participants who stated they own Bitcoin in October to 56% in December,” discusses the Finder study report.

Altcoin Appeal Growing

According to the findings, ethereum is the 2nd most popular cryptocurrency with a share of 31.5%. This ownership rate, which is 7.1% greater than the worldwide average of 24.4%, sees South Africa rank as the nation with the eighth-highest percentage of web users that own ethereum. In 3rd location is XRP which is owned by 25.8% of the surveyed users while dogecoin and solana remain in the 4th and 5th positions respectively.

On the other hand, the study likewise discovered that out of those that stated they own crypto, 62% are guys and 38% are females. According to the study report, this implies South African “guys are approximately 1.6 times as most likely to own crypto than females.”

On the other hand, the study discovered that 48.7% of South Africans aged 18 to 34 are crypto holders. This figure is 16 portion points greater than that of South African holders in between the ages of 35 and 54.

What are your ideas worrying the findings of the most recent Finder study? Inform us what you believe in the remarks area listed below.

Terence Zimwara

Terence Zimwara is a Zimbabwe acclaimed reporter, author and author. He has actually composed thoroughly about the financial problems of some African nations in addition to how digital currencies can offer Africans with an escape path.







Image Credits: Shutterstock, Pixabay, Wiki Commons

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