{"id":257594,"date":"2022-08-25T15:00:56","date_gmt":"2022-08-25T14:00:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=257594"},"modified":"2025-10-22T02:41:03","modified_gmt":"2025-10-22T01:41:03","slug":"us-has-highest-number-of-crypto-owners-but-vietnam-is-top-for-percentage-of-ownership","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/us-has-highest-number-of-crypto-owners-but-vietnam-is-top-for-percentage-of-ownership\/","title":{"rendered":"US has highest number of crypto owners, but Vietnam is top for percentage of ownership"},"content":{"rendered":"<p>Estimates from crypto business solutions firm <a href=\"https:\/\/triple-a.io\/crypto-ownership-data\/\">Triple A<\/a> showed the U.S. leading the way in crypto ownership, with 46 million owners \u2014 almost twice the amount of second-placed India's 27.4 million.<\/p>\n<p>However, in terms of the percentage of crypto ownership, the U.S. ranks third, with 13.7%. In comparison, Vietnam tops the rankings for this metric, with one in five people \u2014 or 20.3% \u2014 owning crypto.<\/p>\n<p>Twitter account <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1562421034556739585\">@DocumentingBTC<\/a> tabulated the top seven countries and included a map of cryptocurrency ownership lifted from the Triple A website. The map showed Asia as the continent with the highest ownership in absolute terms, with 130 million people. Last was Oceania, with just one million owners based in that region.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and crypto adoption:<\/p>\n<p>Country                Users<br \/>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<br \/>\ud83c\uddfa\ud83c\uddf8 USA            46 million<br \/>\ud83c\uddee\ud83c\uddf3 India            27 million<br \/>\ud83c\uddf5\ud83c\uddf0 Pakistan     26 million<br \/>\ud83c\uddf3\ud83c\uddec Nigeria        22 million<br \/>\ud83c\uddfb\ud83c\uddf3 Vietnam      20 million<br \/>\ud83c\udde8\ud83c\uddf3 China          20 million<br \/>\ud83c\udde7\ud83c\uddf7 Brazil           16 million <a href=\"https:\/\/t.co\/BZxdqIY8ac\">pic.twitter.com\/BZxdqIY8ac<\/a><\/p>\n<p>&mdash; Documenting Bitcoin \ud83d\udcc4 (@DocumentingBTC) <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1562421034556739585?ref_src=twsrc%5Etfw\">August 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Crypto ownership is predicted to rise further<\/h2>\n<p>According to Triple A, crypto adoption is set to grow on a global basis. Current estimates put the number of global crypto users at 320 million, giving an average of 4.2% of the world owning digital assets.<\/p>\n<p>Ownership demographics showed 63% are males and 37% are female, with almost three-quarters (72%) aged 34 or under. Researchers said the average annual income of crypto owners was $25,000.<\/p>\n<p>The latest data from the <a href=\"https:\/\/data.worldbank.org\/indicator\/NY.ADJ.NNTY.PC.CD?end=2020&start=1970&view=chart\">World Bank<\/a> showed net national income per capita was $8,784 as of 2020. This is down from $9,274 in 2019.<\/p>\n<p>Although not an ideal comparison, as the years do not match and the World Bank's data does not pull every country uniformly, for example, Eritrea's contribution is from 2011, the differences in income between crypto owners and the world as a whole are stark.<\/p>\n<h2>Why is crypto so prevalent in Vietnam?<\/h2>\n<p>Although Vietnam ranked fifth for the number of crypto owners globally, it was the top country for the percentage of crypto ownership.<\/p>\n<p>A 2021 article from <a href=\"https:\/\/vietnamdaily.ca\/culture\/vietnam-ranks-1-globally-for-cryptocurrency-adoption\/\">Vietnam Daily<\/a> examined why cryptocurrencies are so popular in the country. Based on discussions with users in Vietnam, it compiled a list of reasons to explain the phenomenon. It noted:<\/p>\n<ul>\n<li>traditional investing in legacy finance has limited access<\/li>\n<li>almost 70% of the population is unbanked<\/li>\n<li>elderly Vietnamese store wealth in gold, but the younger population tends not to<\/li>\n<li>cryptocurrencies offer easier overseas remittance<\/li>\n<li>Digital assets are seen as safer due to historical cases of government property seizures<\/li>\n<\/ul>\n<p>It is noted that physical cash remains the most popular way to transact in Vietnam, with digital\/card payments relatively rare.<\/p>\n<p>Based on this information, cryptocurrencies are popular in Vietnam as they fill the void left by a woefully inadequate legacy system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimates from crypto business solutions firm Triple A showed the U.S. leading the way in crypto ownership, with 46 million owners \u2014 almost twice the amount of second-placed India&#8217;s 27.4 million. However, in terms of the percentage of crypto ownership, the U.S. ranks third, with 13.7%. In comparison, Vietnam tops the rankings for this metric, [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":257653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US has highest number of crypto owners, but Vietnam is top for percentage of ownership<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/us-has-highest-number-of-crypto-owners-but-vietnam-is-top-for-percentage-of-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US has highest number of crypto owners, but Vietnam is top for percentage of ownership\" \/>\n<meta property=\"og:description\" content=\"Estimates from crypto business solutions firm Triple A showed the U.S. leading the way in crypto ownership, with 46 million owners \u2014 almost twice the amount of second-placed India&#039;s 27.4 million. However, in terms of the percentage of crypto ownership, the U.S. ranks third, with 13.7%. In comparison, Vietnam tops the rankings for this metric, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/us-has-highest-number-of-crypto-owners-but-vietnam-is-top-for-percentage-of-ownership\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T14:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-22T01:41:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/image_2022-08-25_180149013.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" 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