Hello HODLers!

Despite a bear market phase, the adoption of Bitcoin and the blockchain among individuals and institutions is constantly growing.
Today we focus on retail (private) investors and see where Bitcoin and crypto are most used in the world.
In fact, we know very well that in various countries (especially in third world economies with very weak currencies) cryptocurrencies represent a valid resource for combating inflation and therefore conserving purchasing power.

🤔 But which are the 5 countries where cryptocurrencies are most used?

1️⃣ The first classified is Nigeria: a third of the inhabitants know how to use bitcoin.
It is no coincidence that we are talking about a country with a very low economic and financial level. Here bitcoin has found fertile ground.

2️⃣ In second place we find Vietnam where curiously crypto transactions are banned. Yet trading volumes have increased by 100% in the past year.

3️⃣ In the lowest step of the podium we find the Philippines, where bitcoin is used daily. The government is said to be working on an ad hoc regulatory framework.

4️⃣ Off the podium we find Turkey, where cryptocurrencies are not banned but payments are instead.
Many citizens use bitcoin to avoid inflation, also given the resounding collapse of the Turkish lira.

5️⃣ At the bottom of this ranking we find Peru, where a part of the population has decided to take refuge in bitcoin for fear of a devaluation of the local currency.

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