by Jan Michael Carpo, Reporter
According to CoinJournal, a London-based research company, at least 7 million Filipinos now have cryptocurrency accounts, placing the nation seventh overall in terms of the total number of crypto owners.
The United States, Vietnam, and Pakistan currently rank as the top three countries in the globe with the most number of crypto owners.
The same report also said that there is now a total of 46 blockchains all in all, with a total estimated realized cryptocurrency gain of about US$989.86 million.
In the Philippines, 6.13 per cent of the country’s population, or about 6.99 million Filipinos, had bitcoin accounts. There are also 36 bitcoin businesses.
“Cryptocurrency is one of the fastest-growing sectors on the planet, having evolved from what was once just a kind of electronic payment to a worldwide financial revolution that has spawned billionaire investors and aroused the curiosity of celebrities all over the world,” the Coin Journal report said.
Rating all countries in terms of cryptocurrency usage
Beginning in 2021, CoinJournal rated all countries in the world that have cryptocurrency according to the number of owners in each country and the proportion of the population that uses it.
The company also looked at investment firms, cryptocurrency startups, and the expected average gains from cryptocurrencies by nation.
In terms of gains, the top nations were the US, the UK, Germany, France, and Vietnam. While Vietnam had $3.4 billion in bitcoin gains, the US had $46.95 billion.
According to CoinJournal, “The modernization of fintech has allowed the biggest firms in the world to become even more powerful because billion-dollar companies have simple access to trading applications.”
“The enormous increase in media attention has made crypto trading more appealing and accessible for investors from all over the world to get involved in financial technology,” the research firm added.
Coin Journal also stated that in order to trade cryptocurrencies, the first solutions had to be discovered, and one of these solutions was found when Bitcoin was able to match the value of the US dollar in 2013.
Since then, large cryptocurrency trading hubs including the USA, India, and the UK have demonstrated a great interest in the currency. Investors have also started purchasing Bitcoins since the currency has increased in value.