2024 Crypto Interest Index

Emily Boswell https://forexsuggest.com 2m 384 #forex

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

New research has revealed the countries with the biggest increases and decreases in crypto ownership globally – with one country seeing an increase in crypto owners of over 1,600%.

The study from Forex Suggest analysed a number of data points including crypto ownership, number of crypto ATMs, crypto website traffic, social engagement and more to determine where crypto sentiment is dropping and where it’s remaining strong post-crash.

You can find the full study here: https://forexsuggest.com/2023-crypto-interest-index/

The countries with the biggest increase in crypto ownership:

Rank	Country	Number of crypto owners 2021	Number of crypto owners 2023	Change in Number of Crypto Owners
1	The United Arab Emirates	152,077	2,633,001	1,631%
2	Saudi Arabia	452,778	6,476,813	1,330%
3	Japan	2,079,653	5,096,970	145%
4	Argentina	1,327,067	2,544,102	92%
5	Türkiye	2,476,418	4,684,727	89%

On the other side of the spectrum, the United Arab Emirates has seen the biggest increase in crypto ownership. Government regulations introduced have increased investor confidence in cryptocurrencies, with ownership rising by 1,631% since 2021.

The countries with the biggest drop in crypto ownership:

Rank	Country	Number of crypto owners 2021	Number of crypto owners 2023	Change in Number of Crypto Owners
1	Slovenia	50,940	23,870	-53%
2	Belgium	272,990	164,119	-40%
3	Ireland	84,704	54,738	-35%
4	Norway	93,640	62,101	-34%
5	Austria	171,578	117,028	-32%

Despite an increase in crypto startups throughout the country, crypto ownership rates have seen the sharpest drop in Slovenia, declining by more than half over the last two years. This could reflect the lack of adoption of crypto as a payment method and the more cautious attitude of its investors.

Further findings from the study include:

Norway has lost the most interest in crypto since its 2021 peak, scoring poorly across the board and ranking in the bottom 10 for four factors. The Nordic nation has seen the biggest decrease in news articles on the topic, plunging from 1,324 in 2021 to only 118 this year, a drop of 91%.

With an interest score of 9.02/10, Japan has been named the country that has maintained the most faith in crypto despite the crash.
Argentina has seen the biggest drop in crypto-related searches since 2021, with interest dropping by 70%. Alternatively, Japan has seen the smallest decrease in searches since 2022’s crypto crash. Searches have only dropped by 20% over this time, far smaller than the average of 59%.
When it comes to crypto articles, Norway has witnessed the biggest drop since 2022’s crypto crash, falling by 91% since 2021. Contrastingly, the Netherlands has witnessed the biggest uptick in news articles about cryptocurrencies, which has risen by 38% since 2021.

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