Everything below is copied verbatim with exception of //
// emerging markets đź‘€
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Many emerging markets face significant currency devaluation, driving residents to buy cryptocurrency on P2P platforms in order to preserve their savings. Others in these areas use cryptocurrency to carry out international transactions, either for individual remittances or for commercial use cases, such as purchasing goods to import and sell.
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DeFi adoption, on the other hand, has primarily been powered by experienced cryptocurrency traders and investors looking for new sources of alpha in innovative new platforms.
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Simply put, more Americans are devoting a higher share of their purchasing power to cryptocurrency than in nearly every other country.
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DeFi whales turned Central, Northern, and Western Europe into the world’s biggest cryptocurrency economy
// this surprised me – Europe as a major hub for crypto (perhaps due to America’s unclear and changing regulatory environment )
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“Investing in equities in India is a long, painful process that requires you to sign lots of documents. It takes about three to four days. Investing in crypto takes less than an hour.” John estimates that there are 4x as many cryptocurrency investors in India as there are equity investors. […] But that’s just the high end of the market. On the lower end, John mentioned that many in India’s large freelance economy — mostly those doing technology-related work for employers abroad — have started to request being paid in cryptocurrency, due to both convenience and interest in the asset.
// I notice this in Vietnam as well – though it’s primarily stablecoins