Here are the top 10 countries that use Bitcoin, based on the number of cryptocurrency owners:
- Thailand (20.1%)
- Nigeria (19.4%)
- Philippines (19.4%)
- Turkey (18.6%)
- Argentina (18.5%)
- Indonesia (16.4%)
- Brazil (16.1%)
- Singapore (15.6%)
- South Korea (13.4%)
- Malaysia (13.2%)
These countries are all characterized by high levels of internet penetration and a young, tech-savvy population. They are also countries with relatively unstable economies, which has made Bitcoin an attractive alternative to traditional currencies.
In addition to these top 10 countries, there are a number of other countries where Bitcoin is becoming increasingly popular. These include El Salvador, which made Bitcoin legal tender in 2021, and the Central African Republic, which followed suit in 2022.
It is important to note that the use of Bitcoin varies greatly from country to country. In some countries, Bitcoin is primarily used as a speculative investment, while in others it is more commonly used for everyday transactions. The future of Bitcoin in these countries is uncertain, but it is clear that it is a growing trend that is having a significant impact on the global financial landscape.
Here are some other factors that contribute to the adoption of Bitcoin in these countries:
- Government policies: Some governments have been more supportive of Bitcoin than others. For example, El Salvador has made Bitcoin legal tender, while China has banned all cryptocurrency trading.
- Regulatory environment: The regulatory environment for cryptocurrency varies from country to country. Some countries have strict regulations, while others have more relaxed regulations.
- Public awareness: The level of public awareness of Bitcoin also varies from country to country. Some countries have a high level of awareness, while others have a lower level of awareness.
Overall, the adoption of Bitcoin is growing in many countries around the world. The factors that contribute to this adoption vary from country to country, but they all share a common interest in the potential benefits of this new technology.