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$1.22 Billion Worth of Crypto Has Been Stolen
Did you know that almost half of all first-time crypto investments happened in 2021? This just goes to show how popular digital currency is getting. So popular that people will do anything to get their hands on it, even if that puts them behind bars for 40,000 years.
But we’ll get to that later…
About 30,000 people across 20 countries were surveyed between November 2021 and February 2022. What they found out was that 2021 was a big year for crypto, in terms of investors. Inflation really drove these transactions more than anything, strangely enough.
Even stranger is that Brazil and Indonesia — NOT the U.S. — lead the world in crypto adoption. About 41% of people surveyed in those countries owned. The U.S. and U.K. sits at about 20%.
79% of people who reported owning crypto last year said they chose to purchase the digital assets for their long-term investment potential.
Only 16% of respondents in the United States and 15% in Europe agreed that cryptocurrencies hedge against inflation, compared with 64% in Indonesia and India, for example.
The Indian rupee has declined 17.5% against the dollar in the last five years, while the Indonesian rupiah depreciated 50% against the dollar between 2011 and 2020.