Nearly Half of Crypto Owners First Bought Digital Assets Last Year, Survey Shows

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. From a report: The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021 was a blockbuster year for crypto, with inflation in particular driving adoption in countries that have experienced currency devaluation, the report found. Brazil and Indonesia lead the world in crypto adoption, Gemini found, with 41% of people surveyed in those countries reporting crypto ownership, compared with 20% in the United States and 18% in the United Kingdom.

The Current Bottom Layer.

[splutty]

Of the pyramid. Maybe next year there will be another, bigger bottom layer.

Re: The Current Bottom Layer.

[anonymouscoward52236]

We are running out of a bottom layer of fools to take the USD. Looks like Russians aren't going to use it. You might be shot in the street by the Russian govt for not using ruples.

Re:

[Powercntrl]

We are running out of a bottom layer of fools to take the USD.

The air-filled USD still works just fine for paying off debt. If I had a fixed interest home mortgage I'd be jumping for joy. At least my car loan is now technically "cheaper".

If I had borrowed BTC to buy my car, today I'd owe close to $40k worth of BTC to pay the same amount of BTC back. No thanks. But that's right, you DeFi pushers only think about one aspect of the "Fi" part - how much money HODLing can potentially make for you, when you finally dump it on the next sucker.

Re: The Current Bottom Layer.

[anonymouscoward52236]

For those that think I was just posting a snarky post and not the literal truth: https://www.washingtonpost.com... [washingtonpost.com]

Re:

[splutty]

Stopping trade in a currency that's completely artificially raised is actually fairly normal.

Re:

[Rosco P. Coltrane]

Yeah, and this particular scheme is really crummy: you don't even get toxic protein shakes to show for your investment in that one...

Moderation Fun.

[splutty]

I've seen my comment go from 1 to 4 and back over the last hour. There *really* are some serious crypto evangelists out there :D

Re:

[Powercntrl]

I've seen my comment go from 1 to 4 and back over the last hour. There *really* are some serious crypto evangelists out there :D

I blame Reddit for the pervasive belief that downmods = disagree. In ye olden Slashdot days, it seemed like more people understood that moderation is intended to be used for weeding out shitposts and promoting good content, not for censoring in lieu of writing a rebuttal. Reddit completely fucked that up, since if you intend on posting anything that goes against the groupthink, your post will be downvoted straight to hell. That leaves clicking the little down arrow as the only karma-preserving means of e

The supply of "greater fools" is strong

[gweihir]

This abysmal stupidity will only stop if this stuff gets outlawed or the supply of fools runs out.

Re:

[NoMoreDupes]

This abysmal stupidity will only stop if this stuff gets outlawed or the supply of fools runs out.

Given the ones making the laws are in that pool of fools, the former will never happen.

Re:

[diffract]

the greater fools are the ones encouraging 9-5 jobs and accumulating the dollar, which is tanking compared to pretty much every other asset out there. Oil, down against the dollar. Gold and precious metals, down against the dollar. Bitcoin, down against the dollar. Real estate, down against the dollar. etc

Re:

[diffract]

s/down/up. even my english is down

Re:

[gweihir]

Well, somebody has to keep society running and producing goods and services. The crypto-morons are doing the opposite...

You Know the Old Expression

[organgtool]

When everyone else is getting in, it's time to get out.

Assets AND Liabilities?

[eepok]

Ya, cryptocurrencies are technically assets, but more interesting would be if people took on liabilities to speculate on said assets. To put it another way, how many of those people borrowed money to gamble on cryptocurrency value increases?

Re:

[bugs2squash]

All of them, even if they only borrowed from themselves

"Assets"

[Drunkulus]

Hahahaha lolz "assets"

early mover advantage

[awwshit]

This thing is gonna blow up. You need to get in on the ground floor now!

There will be a finite number of bitcoin total, the price can only go up. You are a fool if you miss this opportunity. Just look at the folks making tons of money in crypto, that could be you!

This is what all of the bitcoin maximalists say. They don't make money unless you are the next sucker.

"Bag holders"

[Arnonyrnous Covvard]

Learn the vocabulary.

Bitcoin is for fascists .

[davvr6]

Most of the worlds wealth is in the hands of a few. The thinking is that maybe the rich might lock up the worlds economy in Bitcoin and undermine local and sovereign democracyâ(TM)s on a Wim.

Puff puff

[PCM2]

So this is where we start pumping air into the bubble, yes?

There's a sucker born

[raind]

every minute.

re:

[MarkUltraBlack]

Well, it's not surprising since crypto started to seem promising only a few years ago, and that's why many people decided to try using this technology as a source of additional income. Personally, I use Bitcode AI app [thebitcode.ai] for that since I'm just a beginner, and I can tell you that even for me it's pretty profitable.