Crypto Ownership Doubled in U.S. and Other Regions in 2021, New Gemini Report Reveals

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.


  • Gemini published its first Global State of Crypto report this week, finding that crypto ownership doubled last year in the U.S., Latin America, and Asia Pacific.
  • Record-high inflation was the primary driver of crypto adoption, according to the findings from the online survey.
  • Other insights suggest the crypto gender gap is closing, as 47% of women plan to buy crypto this year.

Crypto holders are paying attention to rising prices.

This week, cryptocurrency exchange Gemini published its inaugural Global State of Crypto report. The research found that crypto ownership doubled last year in the U.S., Latin America, and Asia Pacific regions. An average of 45% of all crypto holders in those geographies made their first crypto purchases in 2021.

“Crypto adoption reached a true tipping point last year, becoming an established economic driver and a valued investment across the globe,” says Noah Perlman, Chief Operating Officer at Gemini, in the official announcement. “We expect to see the influx of crypto investors continue into this year with concerns about inflation in the U.S. and globally driving interest."

While inflation drove adoption, lack of crypto education slowed it

The research had several key findings, one of which was that the primary driver of the accelerated adoption of cryptocurrency across different geographies was the accelerating rate of inflation.

  • Respondents in countries that saw a 50%+ devaluation in their homeland currencies were more than five times as likely to say they plan to purchase crypto in the coming year, including:
    • South Africa (32%)
    • Mexico (32%)
    • India (40%)
    • Brazil (45%)
  • In Brazil, where the local currency has been devalued by 200%+ against the U.S. dollar, 41% of survey participants already own a form of cryptocurrency.
  • In the U.S., 40% of crypto owners see crypto as a hedge against inflation.

Additionally, the respondents cited a lack of crypto education as a primary barrier. Participants were nearly twice as likely to say that more educational resources about digital assets would help them get started with crypto (40%) compared to recommendations from friends (22%).

The crypto gender gap is shrinking worldwide

Another interesting area Gemini explored was crypto adoption by gender. As recently as last November, Pew Research found from its crypto survey that more than twice as many men had purchased crypto than women -- showing a clear crypto gender gap.

However, this latest Gemini report shows that the gap appears to be shrinking. Among the crypto curious who plan to purchase a virtual currency for the first time in the next year, 47% were women globally. Women in developing nations represented at least half of crypto owners in Israel, Indonesia and Nigeria.

Our top crypto play isn't a token - Here’s why

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. That's how prevalent it's become.

Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount.

Get started

On the other hand, within developed regions, only a third of current crypto owners are women, including in the U.S. (32%), Europe (33%), and Australia (27%).

Read more:Gemini exchange review

"Education also remains a global barrier to adoption, and providing investors additional resources is key to bringing new users into the crypto ecosystem, especially women who make up a majority of the crypto-curious audience," Perlman says.

The survey was conducted online between Nov. 23, 2021 and Feb. 4, 2022, capturing 30,000 respondents from 20 countries between the ages of 18 to 75 with household incomes of $14,000 or more.

Buy and sell cryptocurrencies on an expert picked exchange

There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. Our experts have done the research to pick out the select few top crypto exchanges today.

To help you get started, we're sharing one of our expert's top picks for free -- simply click here to start your crypto journey today.

Our Research Expert

Related Articles

View All Articles Learn More Link Arrow