Despite the fact that much still has to be done to achieve mass adoption of cryptocurrency in the world, its popularity is growing, and cryptocurrency is gaining recognition from an ever-greater number of people every day. And the degree of cryptocurrency's popularity in a country can be determined by the number of various kinds of companies and organizations registered in that country that are connected with the cryptocurrency world, as well as by the number of holders of any crypto assets. And although there are assumptions that most crypto assets belong to large exchanges or mining pools, which are often called "whales," large investors in the cryptocurrency world who make waves, there are also smaller holders of crypto assets who, thanks to their collective investments in cryptocurrency, have put certain countries on the cryptographic map of the world.
Let us look at which countries cryptocurrency is most popular in today, based on the number of cryptocurrency holders, which, although it showed an excessive decline in 2018, nevertheless, based on various statistical studies, has not lost the trust of crypto investors.
The United States of America
Most initiatives in the crypto world come from the USA, and numerous exchanges, funds, pools and startups are registered here as well. It would be logical to expect that the largest number of digital coin owners live here. Strangely enough, it seems that the citizens of the United States of America are not as interested in holding virtual currencies as one might expect. But still, 8% of citizens who own coins, given the huge population, is a worthy result.
The Czech Republic
Apart from hacker attacks, most countries of Eastern Europe rarely make headlines related to cryptocurrency. But the Czech Republic appears to be an exception. The local cryptocurrency community is flourishing, and 9% of all users have invested in digital assets. It is not known exactly how popular Bitcoin or altcoins are, but still such figures show some promise.
Spain
Spain has a fairly large number of ATMs that support Bitcoin. It is especially important that development does not end with one market niche, and 10% of consumers own some digital assets.
Poland
The Polish cryptocurrency industry is currently a little-studied territory, about which it is only known that innovation is perceived positively here. 11% of the population has a place for cryptocurrency in their portfolio, as more and more people are beginning to take an interest in the movement.
Romania
Romania is probably best known for being home to a large number of international firms and IT-sector enterprises, and no fewer freelance programmers and developers. Given the country's close connection with the technology industry, it is not surprising that it has a developed consumer base that is connected with cryptocurrency.
For a whole range of international companies that reside here, it is obvious that cryptocurrency payments with a low cost of international transactions are advantageous. It was found that 12% of users own at least one of the varieties of digital coins, with Bitcoin leading in the country.
China
Despite the fact that China became known for persecuting the new market, it still retains a clear advantage in digital trading. Large-scale Bitcoin trading takes place on the country's leading exchanges. Chinese miners continue to profit from the cheap electricity provided to them for mining coins. However, watching the government's actions regarding crypto, one should expect that the number of holders will decrease in the future.
Turkey
Turkey is a country permeated by political tension and ambiguous rules, but this environment is conducive to Bitcoin and altcoins spreading. One in five Turks holds digital currencies, which is clearly more than in other countries.
Japan
The land of the rising sun is known as pro-cryptocurrency, having recognized digital money as a legal means of payment. Many Japanese have appreciated high-yield investments.
Switzerland
The Alpine country is mainly known for its advanced banks and financial institutions, but now this nation has very clearly stated its intentions to become a cryptocurrency hub. Banks have begun to open their doors to cryptocurrency payments, which has prompted many citizens to turn to the new assets.
South Korea
South Korea is another Asian country that influences the space. Since the Chinese government does not view crypto trading very positively, many have redirected their financial flows to neighboring South Korea. With its developed infrastructure, the country has become home to a multitude of exchanges and companies that serve a population that is increasingly interested in trading and using virtual money.
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