Nearly Half of Crypto Owners First Bought Digital Assets in 2021: Survey

Nearly Half of Crypto Owners First Bought Digital Assets in 2021: Survey
A bank of cryptocurrency miners operates at the Scrubgrass Plant in Kennerdale, Penn., on March 8, 2022. Alan Freed/Reuters
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Almost half of all cryptocurrency owners in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini.

The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021 was a blockbuster year for crypto, with inflation in particular driving adoption in countries that have experienced currency devaluation, the report found.