Your opinions on cryptocurrency might be negative or positive, but suffice it to say that this is a topic that would most definitely weight heavily on your mind regardless of what your opinion might be because of the fact that this is the sort of thing that could potentially end up changing the way that we pay for things in various ways. With all of that having been said and now out of the way, it is important to note that the almost 881% growth that crypto adoption has seen over the past year has mostly been concentrated in emerging markets, as highlighted by Chainalysis in its Global Crypto Adoption Index report.
Countries like Vietnam, India and Pakistan are driving the growth of crypto, and have been the biggest adopters of the currency over the course of the past year with all things having been considered and taken into account. One reason for why this might happen to be the case is that these countries often have very unstable or volatile currencies, and investors might want to store their savings in something that would not get devalued all of a sudden thereby leaving them with a lot less than what they previously had.
The fact that the volatility of the crypto market does not dissuade these investors from putting their money into crypto means that the actual currencies that these countries tend to use is even less reliable. This has the potential to tip the scales from the perspective of the global economy. The coming century could see emerging markets become utterly dominant due to their possession of crypto, and the fact that these markets are still not fully developed could drive the potential of these countries in the near future and allow them to grow at a rate that might not have previously been possible for a wide range of reasons that were beyond their control. Take a look at below charts for more insights on global crypto adoption.
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Countries like Vietnam, India and Pakistan are driving the growth of crypto, and have been the biggest adopters of the currency over the course of the past year with all things having been considered and taken into account. One reason for why this might happen to be the case is that these countries often have very unstable or volatile currencies, and investors might want to store their savings in something that would not get devalued all of a sudden thereby leaving them with a lot less than what they previously had.
The fact that the volatility of the crypto market does not dissuade these investors from putting their money into crypto means that the actual currencies that these countries tend to use is even less reliable. This has the potential to tip the scales from the perspective of the global economy. The coming century could see emerging markets become utterly dominant due to their possession of crypto, and the fact that these markets are still not fully developed could drive the potential of these countries in the near future and allow them to grow at a rate that might not have previously been possible for a wide range of reasons that were beyond their control. Take a look at below charts for more insights on global crypto adoption.
