According to a study by the European Central Bank, 9% of Eurozone residents will hold crypto in 2024. In 2022, the number of European crypto holders was just 4%. The majority of crypto holders claim to use it as a means of investment.
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Crypto users rise from 4% to 9% in just two years
European interest in cryptocurrency is growing relentlessly. This is not a crypto company saying so, but the highly skeptical European Central Bank. Indeed, in a study on payment habits in Europe, the European Central Bank reports that nearly 9% of Europeans will hold cryptocurrency in 2024.
The highest adoption percentages are reported in Slovenia and Greece, with 15% and 13% respectively. Germany comes last with a 6% holding rate, tied with the Netherlands and behind Estonia (7%), Latvia (8%) and France (9%),
Although the share of crypto holders in the Eurozone remains low, it has been rising sharply over the years. According to the European Central Bank, only 4% of the European population held crypto in 2022. In the Eurozone, the share of crypto holders has more than doubled in just two years.
According to the same study, young people are the most inclined to hold cryptocurrencies. Indeed, the large share of European crypto holders are between the ages of 25 and 39. They are followed by those in the 18 to 24 age bracket.
Crypto, a safe investment for Europeans
Why are Europeans buying cryptocurrency? Well, the European Central Bank’s report helps answer that question: investment, payment or both. In Europe also hit by inflation, the use of crypto was predictable and even understandable.
It’s interesting to note that crypto adoption is progressing in Europe despite recurring criticism. This is not a phenomenon specific to Europe: all over the world, cryptocurrencies have become an essential financial asset.
I dream of a world where every citizen has total control over themselves, including their finances. I believe that Bitcoin is one of the tools that will achieve this revolution. Since 2019, I am learning about this cryptocurrency and spreading the word around.
