more than 10% of young adults own bitcoin – CVBJ

14% of young adults in Mexico and Colombia own cryptocurrencies, while in Spain the percentage is 12%, according to data from a recent survey.

Likewise, Mexico is ranked 18th out of 27 countries in terms of adoption levels of Bitcoin and other popular cryptocurrencies. Meanwhile, Spain and Colombia occupy positions 23 and 17 on the list.

The study titled Cryptocurrency adoption rates, Finder Crypto Report, by the Finder firm, estimates that 6% of Mexican young adults own bitcoin (BTC). The remaining 2% owns litecoin (LTC), 2% owns bitcoin cash (BCH), and 2% XRP) from Ripple.

In Colombia, 8% of young adults own Bitcoin, and 2% for Bitcoin Cash and Litecoin, respectively. Among the countries mentioned, Colombia is where they most prefer to have BTC.

Mexico and Colombia have the same cryptocurrency adoption rate as Austria and Canada (14%), as established comparatively in the research.

As for Spain, in this country 12% of young adults own cryptocurrencies, positioning the country in 23rd place on the list.

On the other hand, the global cryptocurrency adoption stands at 19% of young adults, based on their findings. Vietnam is the country with the highest adoption of cryptocurrencies, quantified in 45% of the adult population.

Bitcoin leads in popularity, but in different proportions depending on the country

Specifically, Mexico and Canada, which share 6% bitcoin (BTC) adoption among young adults, have a lower adoption rate of this cryptocurrency compared to the global average of 10%, says the investigation.

In Spain, BTC would be a little less popular, being distributed among 5% of young adults. Spain is also the country where fewer adults have Ripple, they point out, with a percentage of 1%.

Percentage of adults in Spain, Mexico and Colombia who own cryptocurrencies. The most popular are bitcoin (BTC), ether (ETH), XRP, litecoin (LTC), bitcoin cash (BCH) and others (detail). Source: Finder Crypto Report.

On gender issues, the study points out that the gap between men and women in terms of the possession of cryptocurrencies it is not different from other areas where both genders would be unequal. They indicate that 22% of men in the world own cryptocurrencies, compared to 15% of women.

Adoption in Latin America regains momentum

The Finder study does not collect information on other Latin American countries, but those who have closely followed the events this year, can intuit that the adoption of BTC and other cryptocurrencies could have rebounded this year.

Not only the news of the Bitcoin Law in El Salvador, added to the deployment and installation of hundreds of cryptocurrency ATMs in that country, are a sign of adoption in the region.

More recently, CriptoNoticias reported the approval of bitcoin and other cryptocurrencies as a payment method in Cuba, this Friday, August 27, 2021, a new adoption milestone on the continent.

For its part, Venezuela fell from third place to seventh place in global cryptocurrency adoption, according to a study by Chainalysis. However, it could be ensured that due to the economic and financial characteristics of the country, bitcoin has not ceased to be a useful option or tool in the economic context of this nation.