- 26% of nations have more Ethereum investors than Bitcoin, including USA
- Argentinians are the biggest Bitcoin maxis, with 73% of cryptocurrency investors holding the coin, as inflation skyrockets in the country
- Meme mania is highest in the USA, with more American Dogecoin investors than any other country
- Japan is the most bullish on Solana dethroning Ethereum as the King of DeFi
Intro
Once upon a time, Bitcoin was the world’s only cryptocurrency. The industry has come a long way since, however, and today we have over 18,000 cryptocurrencies serving a variety of use cases.
Some have aimed to compete with Bitcoin, while others have almost nothing in common with it. We have meme-coins, such as Dogecoin and Shiba, which have taken the world by storm. We have the burgeoning industry of DeFi, where Ethereum leads the way but Solana has made up some ground in the last year. And in truth, we have almost everything in between.
We were curious to assess which coins were most popular in which countries, so we compiled the below analysis to see what the results were. To note, the study focuses on the big two cryptos – Bitcoin and Ethereum – as well as Dogecoin, Solana and XRP. The data dates from January 2022, and is derived from this finder.com survey of 27 countries. Results are weighted using Google’s interactive ranking process, reflecting the national population distribution in each country.
The Flippening
The Flippening is a term adopted by crypto enthusiasts who foresee Ethereum overtaking Bitcoin as the world’s biggest cryptocurrency. It commonly refers to market cap, although at $362 billion, ETH would have to more than double to eclipse the $764 billion that Bitcoin is currently worth.
However, seven out of the twenty-seven countries surveyed seem to believe the Flippening has a chance of occurring, as more investors in these nations hold Ethereum than Bitcoin. This even includes the United States, where 31.7% of crypto investors hold Vitalik Buterin’s creation, compared to only 22.8% holding Satoshi’s brainchild.
Also, of note is the fact that none of the other coins – Dogecoin, Solana, XRP – were the most popular coin in any country, showing that there very much is a big two when it comes to cryptocurrency. If you click on the map icon within the legend in the bottom right of the graph below, you can sort the holdings visually by country.
Argentina are Bitcoin Maxis
As the graph below shows, Argentina is the…