Bitcoin, the flagship cryptocurrency, has hit an all-time-high of $72,000 as of March 11, 2024

Bitcoin, the flagship cryptocurrency, has hit an all-time-high of $72,000 as of March 11, 2024, signifying a bull run in the crypto market.

Source:

CoinMarketCap

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Period:

January 2020 - March 2024

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Related Insights

Men dominate crypto ownership, making up 61% of global users (342.8M people), while women account for 39% (219.2M people)

Men hold the majority share in crypto adoption (61%), indicating that the industry is still male-dominated despite growing female participation.
Over 219M women own crypto globally, showing that female adoption is increasing but still lags behind male ownership.
With 6.8% of the world’s population involved in crypto, adoption is growing, but there is still massive untapped potential, especially among women.
Bridging the gender gap could drive the next wave of crypto adoption, and greater financial inclusion and education could encourage more women to enter the space.

South America experienced the highest crypto ownership growth at 116.5%, more than 2x in one year

South America led in growth, surging by 116.5%, signaling rapid adoption in emerging markets.
Europe and Oceania also saw explosive growth, with 60.3% and 114.3% increases, respectively.
Asia remained dominant, with the highest number of owners, growing to 326.8M in 2024.
Africa showed the slowest growth (8.5%), suggesting possible barriers like regulation or adoption hurdles.

Only 4.4% of surveyed Nigerian crypto holders have over $1,000 as their crypto balance

The majority of Nigerian crypto holders (70.6%) have balances below $100
Only 4.4% of Nigerians hold over $1,000 in their crypto wallets, indicating low high-value ownership
Wallets with balances between $100 and $500 account for 19.4%, showing moderate adoption
The data highlights that most Nigerians engage with crypto at a low-value level, possibly due to financial limitations or speculative testing

Volatility and risks are the most prominent concerns about crypto among Nigerians

Volatility and risks are the biggest concerns for Nigerians engaging with cryptocurrency, making up 35.7%.
Lack of knowledge accounts for 17.5%, highlighting a gap in crypto education and awareness.
Difficulty in using apps is the least pressing concern at 6.4%, suggesting that accessibility is not a major barrier.
Addressing volatility fears, improving security measures, and expanding financial education could boost confidence in crypto adoption.

The number of individuals in Africa who own crypto increased by 8.5% between 2023 and 2024, the lowest growth among other regions.

Asia has the highest number of crypto owners globally, with 326.8 million individuals
Despite having the smallest crypto user base (3 million), Oceania experienced explosive 1-year growth of 114.3% in crypto ownership between 2023 and 2024.
Africa’s crypto ownership grew by just 8.5% over the past year, the lowest among all regions, with 43.5 million individuals owning cryptocurrency.
While some regions like Oceania and South America are experiencing rapid growth, Africa's slower adoption indicates barriers such as infrastructure and regulatory challenges.

Bitcoin soared by nearly $20,000 in ten days, reaching an all-time high of $89.6K

Bitcoin has experienced a remarkable surge, with an increase close to $20,000 in just ten days to reach an all-time high (ATH) of $89.6K on November 11, 2024. This rapid rise depicts the potential of cryptocurrency markets, with Bitcoin leading the charge as the world's most recognised digital asset. The recent price movement shows a growing interest in Bitcoin as an investment asset.