This SAYS It ALL!! Crypto Adoption Incoming!!

Mass adoption For as long as crypto has been in Existence the hope of worldwide use and Adoption has been ever present Now some say it’s a pipe dream at risk Of becoming a meme but the truth may Surprise you In my video today i’m going to take a Look at a recent report that shows that Crypto mass adoption is closer than you Think this you don’t want to miss [Music] I don’t mean to be rude but i must Intrude with this brief legal interlude Nothing you are about to view from this Crypto dude should be construed as Financial or investment advice and don’t Make me say that twice It’s just educational and informational Content with some added spice all right If this is your first time stopping by My name is guy and i think kryptos might Be fine that’s why i produce the highest Quality crypto content you will ever Find News reviews market moves and overviews Anything you choose So if that is something you would like To view tap that subscribe button and Ping that bell too That way you’ll get these videos Straight from me to you Okay that’s enough of my nattering Pitter patter let’s get on with this

Adoption matter The report that i’m talking about is Gemini’s recent global state of crypto Report for 2022 it was structured as a Global survey that asked 30 000 people In over 20 countries about their views On cryptocurrency It shares statistics on global adoption Barriers to entry and other attitudes Towards crypto You can see the exact breakdown of the Respondents geographies over here Now it seems to be a pretty diverse mix And incorporates people from every Continent gemini also tried to give the Most representative view of the adult Population in each country between the Ages of 18 and 75 with a yearly income Of 14 000 or more Now that seems like a pretty low Household income but i can only assume This was chosen because of the low Household incomes adjusted for purchase Power in some of these countries You should also note that this survey Was conducted online over a period of a Little over three months between November of 2021 and february of this Year That’s important to note because the Perception that people have of Cryptocurrency is of course influenced By how the markets are looking at the Time for context when the survey was

Started bitcoin was trading at close to 60k and it fell all the way down to 35k Before ending the period at 40k So that’s helpful context before we take A look at the actual survey data Now this was a survey conducted by a Third party agency on behalf of gemini And i don’t think the letter needs much Of an introduction as it’s perhaps one Of the most well-known exchanges in the World The reason why it conducted the survey Is quote It is a top priority for us to Understand how crypto is being adopted And deployed around the world as well as The barriers to entry We also believe it’s necessary to ensure The development of a safe and secure Ecosystem that can fulfill the promise That blockchain technology and Cryptocurrency represents I couldn’t agree with that more so Without further ado let’s jump in One of the first stats that the reports Leads with is how many people who own Cryptocurrency first bought it last year In the u.s latin america and asia almost Half of holders bought it for the first Time in 2021. In brazil hong kong and india more than Half started investing last year Perhaps surprisingly europe had some of The most ogs with most holders having

First bought in long before 2021 However with almost 40 percent of European users making their first Purchase last year it’s still pretty Clear 2021 was a massive year for Newbies entering the space If we take a look at the data across all Users in the survey a full 41 First got into crypto last year Now this is interesting as i actually Pushed a poll on twitter towards the end Of last year asking my followers when They bought their first crypto 48.6 of you said that it was in the last Year ie 2021 and that’s not too far off These numbers Perhaps it’s slightly skewed towards Newer buyers but i think that could be Down to the fact that my followers tend To skew more towards the beginner end of The spectrum it’s a fair assumption Given that for many just starting out in The space the coin bureau is likely to Be an educational entry point well at Least we try to be Okay so what does this tell us though Well it’s good and bad It’s good of course because it means More people than ever bought their first Cryptocurrency last year More people made their first moves into The space last year than ever before However it also does worry me as it Means that many of the people that got

Into the markets last year may not have Witnessed a proper bear market a time of Sustained market inactivity brought on By low prices and reduced trading in Other words there’s a strong likelihood Of severe retail capitulation Fewer people with diamond hands ready to Huddle for an extended period of time Of course it’s perhaps less of a concern Now as it was back in 2018 and that’s Because of the wide scale institutional Adoption that we’ve seen since then As i mentioned in my recent video on Institutional adoption large managers Are more likely to huddle than retail Traders Anywho on to the next page of the report Now this takes a look at cryptocuriosity Across surveyed countries it asks those People who currently do not own any Cryptocurrency how curious they are About it Curious in that they would consider Buying some of it or would perhaps want To learn more about it Globally that number stood at 41 However people in europe appeared to be The most crypto curious and open to Learning more about it 58 of respondents in that region fall Into that bucket other countries that Are crypto curious include the likes of Colombia and the uae Now this chart over here is pretty

Interesting as it breaks down this Cryptocuriosity by gender what it shows Is that only in four of the 20 countries Surveyed were men more cryptocurious Than women What this shows is that in the other 16 Countries newbie adoption this year is More likely to be driven by women than Men Now this next page then gives a broad Overview of the adoption across regions As you can see brazil and indonesia have Some of the highest adoption rates of All at over 40 percent This did surprise me somewhat as you Don’t often hear about adoption in these Regions especially in indonesia Both indonesia and brazil are massive Countries in terms of population Combined they have over 485 Million people that’s over 40 million More than all the countries in the eu It would be a massive win for adoption Now i will of course caution though that I don’t think that the survey Respondents are representative of the Broader population let’s not forget that Those respondents that were chosen had a Family household income of over fourteen Thousand dollars The average household incomes in Indonesia and brazil are thirty eight Hundred and seventy eight hundred Dollars respectively

But they are encouraging numbers Nonetheless Now this page over here looks at the Adoption rates for high income users in Developed countries what it shows is That those people in europe and Particularly germany and france have Higher adoption rates among the high Income earners Now that said i would take these stats With a pinch of salt and that is because They say that the sample sizes in some Case are below 100 so can’t really be Seen as representative Anyways on to the next slide and this is For all the ladies out there It’s the global adoption stats for Crypto among women Quite surprisingly in indonesia and Nigeria women make up the most Significant percentage of crypto Investors in the country 51 and 50 Respectively in developed markets over In france we have the most female Adoption as a percentage of crypto users 45 in total You can see all of the stats here where They’re broken up according to those in The developed and developing worlds one Of the outliers in the developing world Bracket is the uae where there are way More men who are crypto users than there Are women this does make sense when it’s Viewed in conjunction with those

Cryptocurious stats we saw earlier women In the uae just don’t seem to be as Interested in crypto as their male Counterparts though there may be other Cultural factors at play here too Speaking of crypto curiosity and Adoption trends this page over here is Also particularly interesting It compares the stats of current Adoption in these countries with the Cryptocurious trends One thing is clear and that is that Although women make up a pretty sizable Portion of crypto adopters in these Countries that is likely to grow next Year as those who are cryptocurious make Their first moves Something else that’s worth noting is That latin american women are more Likely to adopt crypto when compared With other regions and they are more Cryptocurious This just goes to show that there’s a Strong correlation with those who are Crypto curious in one year and those who Are more likely to take the plunge in The next year I would not be surprised if these Ownership demographics in latin america Continue shifting towards women Now this page over here reinforces the Notion that we could further close the Crypto gender gap More women are considering their first

Purchases this year On top of that new adopters tend to Slant to a younger demographic this year When compared to last Now this is something that i love to see And i’ve also noticed it myself when i Was at bitcoin miami i was surprised at How many female followers came up to Talk to me about crypto i was always at The view that my follower base was Predominantly male but after meeting Some of you in person i realized that This stereotype is changing It’s a similar trend that we can see Over on this slide here which shows the Crypto diversity gap is shrinking too at Least in the us More people who identify as something Other than white caucasian are now Owners of cryptocurrency Moving on though i now want to look at The perception that the survey Respondents had about cryptocurrency More generally On this page they asked some of those People who had not purchased crypto what Their reasons were Something that stands out here is that Latin american no coiners have fewer Concerns around trust of crypto or lack Of government backing perhaps because of Their personal experience with their own Governments You can see a similar slant from those

In africa by the way Now i do find it quite disappointing Though that us and european no coiners Have trust issues with crypto when it is Literally one of those things that Doesn’t need any trust it is trustless Now one more thing that stands out here Across regions is that two of the Biggest concerns people have about Crypto are security and that they don’t Know how to buy or hold it now this is Actually something positive in my eyes Because it’s something that can be Easily overcome As compared with those who are just Plainly skeptical it’s a lot easier to Convince someone that crypto is secure It’s also relatively simple to show them How to buy or sell Moreover the point around volatility is Also not unsurmountable As we’ve seen over the past five years As crypto is more widely bought and Traded volatility has been on the Decline Something that may pose a greater risk Here though is of course concerns around Regulation it seems that this is a Pretty pressing concern for many who Have not entered the space irrespective Of country People in latin america asia and the Middle east are also worried about the Tax implications of cryptocurrency which

Is a fair concern i mean the mere Thought of filing my crypto taxes sends Shivers down my spine thankfully there Are handy tools out there that can help Which i’ve covered in a separate video That’s in the top right for your viewing Pleasure Anywho this section over here is music To my ears it shows that crypto Educational content could be the key to People getting into crypto as opposed to Recommendations from friends this is Important because far too many people in The past have got into crypto on the Advice of their friends some of these Recommendations have been shall we say Not great Now nothing is worse for the adoption of Cryptocurrencies than someone getting Burned on the latest dogecoin or rugpul Nft However if they found a solid Educational resource like i don’t know a Crypto youtube channel for example then They would be more willing to take the Plunge Now here is a more granular breakdown of These stats As you can see countries in latin America and africa think that better Crypto education can help ease them into The markets Anyways Next section

Now this starts off with perhaps one of The most important yet pressing Questions we all have is crypto the Future of money As you can see the divergence between Developing and developed countries is Clear Way more people in latin america africa Asia and the middle east are likely to View crypto as the future of money In the u.s only 23 percent of the Respondents thought so and it was even Less so over in europe So why is this Well it’s generally well accepted that People in developing countries have had To deal with periods of monetary Instability they’ve seen firsthand the Risks that can come from currency Devaluations and financial crises From the asian financial crisis of 1997 To the constant instability we see in Latin america In fact from all of the conversations I’ve been having with people from around Those regions there is a general level Of mistrust in these centralized Entities Or if we were to flip this around people In the west europe north america etc are Far too complacent with the status quo This argument is further confirmed with This chart on the next page it looks at How many people who have not bought

Cryptocurrency would be considering it Over the coming year They’ve broken this down into different Countries and they’ve mapped this to the Devaluation of the local currency versus The dollar over the past 10 years it’s Pretty stark right Those countries that have had a Devaluation of over 50 percent are at Least five times more likely to buy Crypto in the coming year Brazil mexico south africa and india Of course a currency devaluation doesn’t Only make a nation’s currency more Expensive in terms of u.s dollars but it Also drives high levels of inflation Locally and speaking of which inflation Is the subject of questions on the next Page They ask people whether they viewed Crypto as an inflation hedge and whether It was a good asset to diversify their Broader risk When it comes to the inflation point Again those in latin america and africa Were far more likely to see bitcoin as An effective hedge against it Those in europe and the us are much less Likely Now i actually think both are right and Allow me to explain Over in countries in latin america and Africa the levels of inflation that They’ve witnessed cannot really be

Appreciated by us in the west That’s as a result of the massive Devaluations that they have seen in Their currencies Hence even if crypto is incredibly Volatile it’s better than holding their Savings in the local currency Over in the west however inflation has Been much more subdued at least in the Survey period Even if inflation was running at Historically high levels it’s nowhere Near hyperinflation And this means that a cryptocurrency That’s more volatile than your money Appears less favorable as an inflation Hedge So knowing that crypto is a lot more Volatile than the fiat in your bank Account tarnishes your view of whether It is indeed a hedge However i would love to see how these Stats would look if they polled the same People in the us right now with Inflation running at over eight percent Now anywho this chart over here shows Whether people think that crypto is an Important diversification to one’s Portfolio unsurprisingly those in Regions like latin america africa and The middle east think that it is a good Way to diversify At least 56 percent in the u.s see it That way but only 49 in europe

I mean that doesn’t really make sense to Me Unless they have a portfolio that’s Fully correlated with crypto assets There will always be a diversification Benefit from adding more assets modern Portfolio theory 101 Now onto the next page and this chart Over here i’m also quite happy with That’s the amount of crypto adherents Who have employed a buy and hold Strategy as a store of value that’s 79 Across all regions Now i am also a long term investor and Although i do sometimes make trades in My portfolio these are usually based on Fundamentals which by their very nature Usually play out over a much longer Period of time After this the report has a few more Pages that look into the regional Highlights i’ve already covered a lot of This already throughout the report so i Won’t go over the same ground however i Do encourage you to take a look into it And i’ll leave a link to the full report In the description down below Now that’s it for most of the survey but Now it’s time to give you some of my Thoughts on it i’ll start by saying that I’m pretty encouraged by it The main headline numbers that you need To focus on are the fact that crypto Curiosity is generally quite high there

Are more and more people who are now Considering taking their first steps Into the crypto space while we saw a Great deal of adoption last year i think That this year could be just as Surprising of course newbie adoption is A double-edged sword the vast majority Of people in crypto right now have not Witnessed a bear market or a sustained Crypto winter How likely they are to stick around when It comes is anybody’s guess This will of course depend on how many People are really here for the long term Huddle and how many people are what we Call crypto tourists however it is Encouraging to see that the vast Majority of people who’ve bought crypto Did so for the long term huddle i’m also Encouraged to see that the crypto Industry is shaking the image of being Male dominated it seems that last year We had a breakout year for crypto ladies Entering the fray the fact of the matter Is that crypto is color and gender blind And no one should feel that they can’t Get involved in the sector Now something else that really stuck out For me in this survey is the varying Adoption and curiosity levels between People in different countries It’s quite clear that those in emerging Markets are more willing to trust Cryptocurrency and distrust their fiat

Money systems of course that makes sense Nothing is more powerful than lived Experience and those people who’ve been Forced to look for alternatives to their Local currencies are finding their way To crypto I’m also quite worried about the levels Of complacency in western markets about The reliability of the fiat money system Just because you don’t have personal Experience with hyperinflation and Arbitrary asset seizures doesn’t mean That it can’t happen to you Moreover it is exactly this complacency That the central bankers will use in Order to foist their dystopian cbdc’s on Citizens But i suppose this all comes back to Education and i still firmly believe That the key to awareness is solid Knowledge As is evidenced by this survey more and More people think that this education is The measure that will help them feel Comfortable with the space While that’s our mission at the coin Bureau you good people can help too help Those people who are still intimidated To take the plunge Let’s also not forget that we were all Once beginners ourselves we were also Intimidated by this weird and wonderful Crypto journey we were embarking upon so In 2022 let’s make crypto boom by using

Education to take adoption to the moon And that’s it for my overview of the Gemini year in crypto report but i would Love to get your feedback were there any Sections that surprised you when did you Get into crypto let me know in the Comments down below And while you’re down there you Absolutely have to check out my socials Page now this has links to all the other Places that you can follow me off the Tube Most of these are verified by blue ticks And include My telegram channel twitter instagram And tiktok and of course my email Newsletter where i share a breakdown of My personal portfolio as well as a Breakdown of some upcoming videos Oh and if you’re looking for some of the Best crypto promos then my deals page is A must visit exclusive discounts and Offers only for the viewers of this Channel Now if you found this video fire then Fire up the likes don’t forget to Subscribe to make sure you’re in line to Receive my latest crypto vibes oh and Hit that bell as well we don’t want it To get lonely That’s it for today my fellow crypto Fans this guy’s gotta fly [Music]


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