Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

The fig of surveyed South Africans that ain crypto grew marginally from 10.3% successful October 2021, to 11.3% successful December 2021. With this complaint of ownership, South Africa is present ranked fig 21 retired of the 27 countries whose net users participated successful the survey.

South African Ownership Rate Below Global Average

According to the findings of the latest Finder survey, retired of the 2,003 South African net users that were surveyed, 11.3% said they ain cryptocurrency. This cryptocurrency ownership complaint is said to beryllium marginally higher than that of the United States (10.5%) and Sweden (9.8%).

Still, arsenic the survey findings show, South Africa’s latest cryptocurrency ownership complaint is yet beneath the planetary average, which jumped from 11.2% successful October to 15.5% successful December 2021. From the full of 27 countries that were surveyed, South Africa is present positioned successful 21st place.

In presumption of the popularity of antithetic cryptocurrencies, the survey findings bespeak that 56% of the crypto owners successful South Africa ain bitcoin. With this proportionality of net users that ain BTC, South Africa is the second-highest ranked retired of the 27 countries. However, the findings besides look to suggest that different cryptocurrencies are gaining ground.

“Between present and the past survey, the fig of crypto owners surveyed who said they held BTC has fallen from the 73.5% of respondents who said they ain Bitcoin successful October to 56% successful December,” explains the Finder survey report.

Altcoin Popularity Growing

According to the findings, ethereum is the 2nd astir fashionable cryptocurrency with a stock of 31.5%. This ownership rate, which is 7.1% higher than the planetary mean of 24.4%, sees South Africa fertile arsenic the state with the eighth-highest proportionality of net users that ain ethereum. In 3rd spot is XRP which is owned by 25.8% of the surveyed users portion dogecoin and solana are successful the 4th and 5th positions respectively.

Meanwhile, the survey besides recovered that retired of those that said they ain crypto, 62% are men and 38% are women. According to the survey report, this means South African “men are astir 1.6 times arsenic apt to ain crypto than women.”

On the different hand, the survey recovered that 48.7% of South Africans aged 18 to 34 are crypto holders. This fig is 16 percent points higher than that of South African holders betwixt the ages of 35 and 54.

What are your thoughts concerning the findings of the latest Finder survey? Tell america what you deliberation successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.