South African Cryptocurrency Holders Increase to 11.3%, 56% of Cryptocurrency Holders Hold Bitcoin – Emerging Markets Bitcoin News

The number of South Africans surveyed who own cryptocurrencies increased slightly from 10.3% in October 2021 to 11.3% in December 2021. With this ownership rate, South Africa now ranks 21st out of 27 countries surveyed by internet users.

South Africa’s ownership rate is lower than the global average

According to the latest Finder survey results, 11.3% of the 2,003 South African internet users surveyed said they own cryptocurrency. The cryptocurrency is said to have a slightly higher ownership rate than the US (10.5%) and Sweden (9.8%).

Still, South Africa’s latest cryptocurrency ownership rate is below the global average, jumping from 11.2% in October to 15.5% in December 2021, as the survey results show. Of the 27 countries surveyed, South Africa now leads the pack at 21st.

In terms of the popularity of different cryptocurrencies, the findings show that 56% of cryptocurrency owners in South Africa own Bitcoin.Internet users with this percentage Bitcoin, South Africa ranks second out of 27 countries. However, the findings also appear to indicate that other cryptocurrencies are making progress.

“Between now and the last survey, the number of cryptocurrency owners surveyed said they held Bitcoin The Finder survey report explained that it fell from 73.5% of respondents who said they owned Bitcoin in October to 56% in December.

Altcoin popularity grows

According to the survey results, Ethereum is the second most popular cryptocurrency with a share of 31.5%. This ownership rate is 7.1% higher than the global average of 24.4%, making South Africa the country with the eighth highest percentage of Internet users owning Ethereum.In third place is Ripple 25.8% of surveyed users own it, while Dogecoin and solana are in fourth and fifth place respectively.

At the same time, the survey also found that among those who said they own cryptocurrency, 62 percent were men and 38 percent were women. According to the survey report, this means that “men are approximately 1.6 times more likely than women to own cryptocurrency” in South Africa.

On the other hand, the survey found that 48.7% of South Africans aged 18 to 34 are cryptocurrency holders. This figure is 16 percentage points higher than that of South African holders aged 35 to 54.

What are your thoughts on the latest Finder survey results? Let us know what you think in the comments section below.

Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.

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