This Consensys research additionally revealed regional disparities in crypto attitudes, with Southeast Asia, South America, and Africa displaying extra enthusiastic views, contemplating cryptocurrencies as monetary alternatives and hedges in opposition to unstable native currencies.
Nigeria Tops in Crypto Consciousness
A recent survey by ConsenSys has topped Nigeria as the worldwide chief in cryptocurrency consciousness. Amongst 15 international locations surveyed throughout continents, 99% of Nigerians demonstrated an consciousness of cryptocurrencies. However consciousness is not the one outstanding factor; a staggering 90% of Nigerians are prepared to spend money on digital property, with 70% having a superb understanding of blockchain.
Not like some areas the place cryptocurrencies are seen as speculative property, Nigeria views them by way of a special lens. For Nigerians, cryptocurrencies symbolize monetary alternatives and safety. This shift in perspective might play a pivotal position in driving cryptocurrency adoption within the nation.
Nigeria’s Crypto Portfolio Diversification
Nigerians entered the crypto area for numerous causes. Nigerians have been most involved about diversifying their portfolios, adopted by considerations in regards to the instability of their native forex, the Nigerian Naira. Bitcoin, Ethereum, Binance Coin, Dogecoin, Tether, and Shiba Inu have been the favored property amongst Nigerian buyers.
In 2022, six out of ten Nigerians heard about centralized crypto firms’ bankruptcies, impacting belief to a average extent. Nigerians emphasize the significance of enhancing safety, transparency, and accountability inside the crypto sector to rebuild belief.
World Perceptions on Crypto: Insights from the Survey
ConsenSys’ complete survey sought to grasp international perceptions surrounding cryptocurrencies, NFTs, Web3, blockchain, and the metaverse. Whereas 92% of respondents worldwide had heard of cryptocurrencies, solely 8% thought of themselves very acquainted with Web3, highlighting a data hole in its potential.
The survey unveiled regional disparities in crypto attitudes. Whereas European international locations, Japan, and South Korea exhibited skepticism, associating crypto with detrimental ideas, Southeast Asia, South America, and Africa displayed enthusiasm, seeing crypto as a monetary alternative and a hedge in opposition to unstable native currencies.