The cryptocurrency market has seen compelling growth since its early days. Launched in 2009, 10,000 of the world’s first cryptocurrency, Bitcoin, were used once to buy two Papa John’s pizza. The value of Bitcoin has risen significantly since, and is currently priced at $9,187.





Originally created and designed to eliminate the involvement of banks and the government in cash transactions, cryptocurrencies have merged to become widely popular since 2009. With growing popularity, crypto-adoption has risen as well. However, the growth of the crypto-ecosystem hasn’t been felt equally and uniformly across the world. A recent study by Statista highlighted the same.





The Statista analysis studied the use of crypto and how common cryptos were, across the world. The report revealed that the ownership of cryptos was most common in Turkey, where one in five people is currently or has previously owned cryptocurrencies. Turkey is a country riddled with political tensions and in light of its economic tensions with the U.S and the European Union, the value of the Lira (Turkey’s fiat currency) has fallen, while inflation climbed to a worrying 18% in May. For many in the country, Bitcoin and cryptos offer better value as a store of value than the Turkish Lira.

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#Turkey #SouthAmerica #Japan #Cryptocurrencies #Adoption