The post The perks of the world where 40% of the adult population owned crypto appeared on BitcoinEthereumNews.com.

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In June, Security.org published findings that raised quite a few eyebrows around the crypto world. Their new data found that 40% of American adults now own crypto, up significantly from last year. Even more, it seemed like a sustainable increase. Crypto ownership among women has spiked, and a huge chunk (21%) of non-owners are more likely to invest after the approved US Bitcoin (BTC) exchange-traded fund. There are some caveats to remember here. This data is based on two relatively small surveys (1,001 and 504 people, respectively) and may misrepresent the entire US population since they were done online. The Federal Reserve listed just seven percent of US adults as crypto investors in 2023, with a much bigger sample size. However, their data, too, might be misrepresentative, given that the respondents were selected from only those who agreed to participate in Ipsos’ KnowledgePanel. Whether or not the Security.org number is realistic, it has got me thinking. What if 40% of the world’s adult population (about 5.75 billion people) owned crypto, not just the US? This idea has been rolling around in my head for a couple of months now. It both baffles and excites me. Here’s what I’ve come up with. There would be four major categories of change: ●  Individual economics. ●  Financial systems. ●  Technological and social patterns. ●  Environmental policy. Come along with me for this thought experiment. One that might not be all that far-fetched is the way things are going. Individual economics One of the most touted benefits of cryptocurrency is its potential to provide financial services to the unbanked or underbanked. Take the Philippines for example. Despite 66% of their population…

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Filed under: News - @ September 2, 2024 11:20 am