![](https://images.ecency.com/DQmUcVVoaJAtCbEST1AmFma8EMEbbwsp4kXAkWeCTrthr4Q/hivec.jpg)



With all of the hype and crazy swings in the crypto world this month I though it would be interesting to see just how adopted crypto (not just bitcoin) really is. You would think that today pretty much everyone with a internet connection would at least have some bit of crypto even if it's a few pennies. But could research say otherwise?

The other factor to account for here which is much harder is those that got into crypto but then left. There's many friends and even family members I know that got into crypto in the last bull run got burned and now don't touch it anymore. It's wild to me because this is the exact thing you SHOULD NOT BE DOING! For whatever reason this is the path that most people take and is why our markets and wealth inequality is the way it is (well at least part of the reason).

# Worldwide

Another big factor in all of this is knowing that crypto is world wide. While much of the wealth value might be in countries like the USA at the moment it's still very possible for everyone around the world with internet access to own a crypto wallet and use it.

One of the big openings for this was with the introduction of starlink which provides internet to many more people. Sure there were a few satellite providers before this but they were mainly small scale and it wasn't until starlink that it really started to pop off.

# Wallet Ownership

Now to an extent we can get a rough idea of ownership of wallets and country which will help us to paint a picture as to how adopted crypto is around the world.

Over the last few years Nigeria has actully been one of the biggest to adopt crypto assets and wallet ownership. With a population of 223 million people it's one of the fastest growing countries. That's actully a rather large population and just one country that has seen massive crypto adoption in a rather unexpected place.

# What Do Wallets Hold and Use

Now a big part of this puzzle is what crypto assets are people actully holding and using. Some of us older folks might be thinking that it would be things like Bitcoin or Ethereum but the fact is over 50% across most major crypto adoption countries is... Stable Coins.

Yep, stable coins which is pretty much like having a bank account and exchange fiat primarily USD. This is why we are seeing massive adoption in some well lower income countries because the amount of stable coins they can get and use on their wallet is crazy higher than any other method.

Now for me I don't consider that massive growth for crypto in general. Instead I simply see it as an evolution of the FIAT system in which other countries that normally had a hard time with such things have more freedoms then they ever have before with money. 

This does show a powerful use case for the blockchain however in terms of value and growth this feels on the lower end for me as markets caps would be a fraction of what a 1st world country would be.

# Stable Coins

What we are seeing out of all of this is that there's increasing demand and usage of stable coins. What started with just USDT (tether) has ballooned into many stable coins even after the mess of LUNA.

This increase in stables is showing a transition that's happening in a big way from companies launching their own and building massive wealth from it themselves. This is mainly because it allows these companies to act much like a bank while investing into asset classes that are stable and grow.

Posted Using [InLeo Alpha](https://inleo.io/@bitcoinflood/how-adopted-is-crypto-yu)