Study Shows More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria – The African continent currently boasts an estimated 53 million bitcoin owners, according to Triple A’s most recent data on cryptocurrency ownership. This accounts for around 16.5% of the estimated 320 million people worldwide. Over a third of all cryptocurrency owners in Africa—or just over 22 million—are from Nigeria.
Nigeria is fourth globally in terms of the number of cryptocurrency owners, while the United States tops the list with 46 million owners. India and Pakistan are the next-highest-ranked countries, with 27.4 million and 26.4 million crypto owners, respectively, according to the research.
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Nigeria is ranked fourth in the world for cryptocurrency ownership, but it tops the list for “the amount of people searching for bitcoin and cryptocurrency keywords on Google.” These conclusions appear to be supported by the results of another study, which found that Nigeria is the country most obsessed by cryptocurrency.
With 7.7 million bitcoin owners, South Africa is the African country with the second-highest population according to Triple A’s data. Approximately 12.5% of South Africa’s population is represented by this number. With 6.1 million users, or 11.6% of the total population, Kenya is the African country with the third-highest percentage of cryptocurrency owners.
More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria – Egypt and Tanzania, which each have 2.37 million and 2.32 million crypto owners, round out the top five African countries with the most crypto owners. The least-ranked African nation is Seychelles, with an estimated 1,257 crypto owners.
