More than half crypto investors made their first buy in 2021: Gemini

crypto investors in India and the world, 2021 was a breakout year as this new-age asset class evolved into a global phenomenon, revealed a report titled 'The Global State of Crypto Report 2022' by Gemini Crypto Exchange. According to a report by Gemini, New York-based global cryptocurrency exchange, the trend is likely to continue. For the purpose of this study, the exchange examined more than 30,000 adults across 20 countries, including India. The survey was conducted online between November 23, 2021, and February 4, 2022, with participation from adults up to the age of 75. The study was conducted on behalf of Gemini by Data Driven Consulting Group.

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At the global level, Venture Capital Investment exceeded $30 billion in crypto and blockchain startups, with more than $10.5 billion in investment in the last quarter of 2021.Here are some of the key findings from the report:

Among the global crypto investors, 41 per cent purchased crypto for the first time in 2021. More than half of the crypto investors, about 54 per cent of them, started their journey in 2021, said the report. The gender gap between crypto investors is narrowing, particularly in developing nations. Out of crypto investors who plan to purchase crypto for the first time in the next year, 47 per cent were women globally. Thirty-eight per cent of Indian investors are women, which is more than the United State (32 per cent), Europe (33 per cent) and Australia (27 per cent). Among the developing nations, Israel, Indonesia and Nigeria have more than 50 per cent women investors. Inflation is a major driver for Read more on economictimes.indiatimes.com