Cornell Survey Shows Bitcoin Adoption Highest in Economies with Currency Instability
A recent Cornell University survey found that Bitcoin adoption is highest not in wealthy financial hubs but in countries like El Salvador, Venezuela, and Nigeria—economies marked by currency instability. The study surveyed 25,880 individuals across 25 nations and revealed that over half of respondents from these three countries owned or had previously owned Bitcoin. In El Salvador alone, 72% reported owning it at some point. Despite high awareness (90%) of Bitcoin globally, actual ownership remains low—only 30% have ever held the cryptocurrency. The survey also highlighted a lack of understanding about key aspects like its capped supply of 21 million coins.
Topics: Bitcoin economic instability financial inclusion survey data