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Crypto Levels The Playing Field by cryptoandcoffee

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· @cryptoandcoffee ·
$28.29
Crypto Levels The Playing Field
<center><img src="https://images.hive.blog/DQmfCqUrXNc217LR534okrawdnXYsTXxoickYZNoQFc9dMF/Ranked-Crypto-Popularity-In-Europeans-Union-Nations.webp"/></center>

[source](https://www.visualcapitalist.com/cp/crypto-popularity-in-europeans-union-nations/)

It is interesting to see the various countries and the difference in adoption within crypto compared to investors of the normal stocks and shares. personally I would have thought the crypto numbers would have been higher knowing investors like a return on their investments and Bitcoin has outperformed every investment since it's launch.

I do think their is a correlation between wealthy and poorer countries in the way the masses do think. Investing in Crypto is far more accessible for a poor person compared to the stocks and shares. One can invest $10 fairly easily without having to go through brokers.

I am sure in every country on this graphic we will find that those in crypto are from the lower to middle class and those in the stocks and shares are middle to upper class. This has always been the case that if you have money you invest in shares as the richer get richer and the poor get poorer. Crypto is a leveler when it comes to wealth as now everyone can take part as there are no minimum entry levels.

Greece and Cyprus are where I would have thought everyone would have been with a similar number investing in both crypto and the markets. From what I understand the Greeks are reluctant to pay taxes or are more shady with how they operate and this number I would have expected. This is of no disrespect to them as a nation it is just from articles I have read over the years with regard to taxation in Greece.

If your economy is doing well and you are earning a decent income I suppose you would be more reluctant to get involved in crypto as the need is not that high. Those that need crypto are the nations with a lower wage with the masses trying to better their life and work their way out of their financial situation.

This is why I believe the poorer countries are the ones who are going to spark the mass adoption as they have no other choice. The Far East including India, Africa and South America are going to be the catalysts that form the crypto adoption process.

America and parts of Europe may be able to delay their population from getting involved through regulation, but you trying telling a poor less educated person he cannot as it won't work. Places like Nigeria have already tasted crypto and trying to hold the country back will not happen as the crypto community is way too savvy for the government. Where there is a will there is a way and there is always a way to beat the system designed to prevent you from taking part.

Over the next 5 years I expect the crypto investors will out number the normal investors as many will be using crypto as a payment system even if they don't know they are using it. Many multi nationals will be using crypto as a payment system for online as that is where we are heading as this makes financial sense. Cheap ,affordable and instant payment systems will replace the use of money as we know it today and it won't be CBDC's like the Governments would like you to think.

The masses need to try and step out of the poverty they find themselves in currently and they do see crypto as a ticket to the promised land. The governments don't care about their people and have never tried to help them so the people are helping themselves.

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vote details (151)
@bozz ·
You can definitely see a pattern from west to east across the EU and how the investment numbers are stacking up. I can't say that I am surprised.  I think what shocks me more is how low the numbers are across the board of people who have traditional investments.  That's kind of scary to me.
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@itwithsm ·
I agree with you, there are many countries where people still don't know what is bitcoin and crypto currency are, here in my country, People don't know much about it, and they also don't belive that we can earn money online, lack of knowledge is a barier we are facing in crypto adoption. 
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@mistakili ·
$0.13
RE: Crypto Levels The Playing Field
>If your economy is doing well and you are earning a decent income I suppose you would be more reluctant to get involved in crypto as the need is not that high.

Yup, you are right on that. Many rich people especially from the west donโ€™t see the need for Bitcoin or crypto as a whole and it used to baffle me but now I get why. But in my opinion even though there are many crypto savvy people in Nigeria, the number is still very small, it makes me think adoption still has a long time to happen. I hope Iโ€™m wrong 

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vote details (1)
@cryptoandcoffee ·
RE: RE: Crypto Levels The Playing Field
I still say 2026 as this is when we will see a few blockchains with their use cases doing their thing. Use case will inflate the price and not the market pumps or whatever Bitcoin is doing which is what we need to see happen. Mass adoption will happen, but maybe not like we may think. I see businesses being the mass adoption catalyst as they need to use the blockchains for their own purposes.

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