The Bitcoin Universe Explained

Published

8 years ago

November 25, 2015

Jeff Desjardins

The Bitcoin Universe Explained

This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.

The diverse selection of companies in the Bitcoin universe is one of the multiple reasons that we are bullish on the cryptocurrency.

Slowly, but surely, we expect Bitcoin to creep out of the hype cycle “trough of disillusionment” that many technologies go through.

Original graphic by: Bitcoin Magazine

Related Topics:bitcoin cryptocurrency universe ecoystem

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Countries With the Highest Rates of Crypto Ownership

While the U.S. is a major market for cryptocurrencies, two countries surpass it in terms of their rates of crypto ownership.

Published

2 days ago

May 7, 2024

Marcus Lu

Countries With the Highest Rates of Crypto Ownership

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic ranks the top 10 countries by their rate of cryptocurrency ownership, which is the percentage of the population that owns crypto. These figures come from crypto payment gateway, Triple-A, and are as of 2023.

Data and Highlights

The table below lists the rates of crypto ownership in the top 10 countries, as well as the number of people this amounts to.

Country	% of Population Who Own Crypto	# of Crypto Owners
🇦🇪 United Arab Emirates	30.4	3M
🇻🇳 Vietnam	21.2	21M
🇺🇸 U.S.	15.6	53M
🇮🇷 Iran	13.5	12M
🇵🇭 Philippines	13.4	16M
🇧🇷 Brazil	12	26M
🇸🇦 Saudi Arabia	11.4	4M
🇸🇬 Singapore	11.1	665K
🇺🇦 Ukraine	10.6	4M
🇻🇪 Venezuela	10.3	3M

Note that if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U.S. would rank third at 52 million people.

The UAE Takes the Top Spot

The United Arab Emirates (UAE) boasts the highest rates of crypto ownership globally. The country’s government is considered to be very crypto friendly, as described in Henley & Partners’ Crypto Wealth Report 2023:

In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling. The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.

Vietnam leads Southeast Asia

According to the Crypto Council for Innovation, cryptocurrency holdings in Vietnam are also untaxed, making them an attractive asset.

Another reason for Vietnam’s high rates of ownership could be its large unbanked population (people without access to financial services). Cryptocurrencies may provide an alternative means of accessing these services without relying on traditional banks.

Learn More About Crypto From Visual Capitalist

If you enjoyed this post, be sure to check out The World’s Largest Corporate Holders of Bitcoin, which ranks the top 12 publicly traded companies by their Bitcoin holdings.