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  • Writer's pictureGerard Kavanagh

Adoption Rate

We have used the Raoul Pal tweet on adoption rates multiple times to explain why crypto is here to stay and growing at breakneck speed:

It's dated, as in May last year, but it's still relevant and obviously pertinent. Raoul is suffering a bit of blowback these days on the tera (luna) front, and we are due an update or confirmation things are still headed in the right direction. The good news is things are headed in the right direction and here is a Cointelegraph article on the ECB report and adoption rates: ECB: One in ten households in eurozone population centers now own cryptocurrency ( "On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas: the Netherlands, Spain, Italy, Belgium, France and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies. Out of this group, only 6% of respondents said they own digital assets worth more than 30,000 euros ($32,037). Meanwhile, 37% of respondents said they owned up to 999 euros ($1066) in crypto. Across all of the countries surveyed, investors in the fifth income quintile (or the wealthiest 20% of the population) consistently had the highest proportion of cryptocurrency ownership relative to other income groups. The Consumer Expectation Survey asked adults aged 18 to 70 if they or anyone in their household owned financial assets in various categories, such as crypto-assets. The survey was included in a new report published by the ECB the same day regarding the growing adoption of crypto assets despite their risk factors. As cited by the ECB, 56% of respondents in a recent Fidelity survey said they had some exposure to crypto assets, up from 45% in 2020. The increased availability of crypto-based derivatives and securities on regulated exchanges, such as futures, exchange-traded notes, exchange-traded funds, and OTC-traded trusts, ha contributed to the momentum. In addition, increased regulation has been taken as a sign that public authorities endorse crypto. As an example, the ECB cited Germany allowing institutional funds to invest up to 20% of their holdings in crypto. However, the ECB highlighted at the end of the report that if current trends in digital asset adoption continue, then they will eventually pose a threat to financial stability." As those in markets are want to say - "the trend is your friend"

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