New research has shown crypto ownership in Ireland dropped by -35%

New research has shown crypto ownership in Ireland has dropped by -35% over the past two years, one of the largest declines in owners globally. The study from Forex Suggest analysed a number of data points including crypto ownership, number of crypto ATMs, crypto website traffic, social engagement and more to determine where crypto sentiment is dropping and where it’s remaining strong post-crash. 

New research has shown crypto ownership in Ireland has dropped by -35% over the past two years, one of the largest declines in owners globally.

The 10 countries with the biggest drop in crypto ownership:

Rank

Country

Number of crypto owners 2021

Number of crypto owners 2023

Change in Number of Crypto Owners

1

Slovenia

50,940

23,870

-53%

2

Belgium

272,990

164,119

-40%

3

Ireland

84,704

54,738

-35%

4

Norway

93,640

62,101

-34%

5

Austria

171,578

117,028

-32%

6

Finland

104,241

75,225

-28%

7

Sweden

228,309

165,522

-28%

8

Romania

423,496

324,743

-23%

9

Greece

194,860

153,544

-21%

10

Croatia

62,150

49,208

-21%

Despite an increase in crypto start-ups throughout the country, crypto ownership rates have seen the sharpest drop in Slovenia, declining by more than half over the last two years. This could reflect the lack of adoption of crypto as a payment method and the more cautious attitude of its investors. On the other side of the spectrum, the United Arab Emirates has seen the biggest increase in crypto ownership. Government regulations introduced have increased investor confidence in cryptocurrencies, with ownership rising by 1,631% since 2021.

Further findings from the study include:

Norway has lost the most interest in crypto since its 2021 peak, scoring poorly across the board and ranking in the bottom 10 for four factors. The Nordic nation has seen the biggest decrease in news articles on the topic, plunging from 1,324 in 2021 to only 118 this year, a drop of 91%.

With an interest score of 9.02/10, Japan has been named the country that has maintained the most faith in crypto despite the crash.

Argentina has seen the biggest drop in crypto-related searches since 2021, with interest dropping by 70%. Alternatively, Japan has seen the smallest decrease in searches since 2022’s crypto crash. Searches have only dropped by 20% over this time, far smaller than the average of 59%.

When it comes to crypto articles, Norway has witnessed the biggest drop since 2022’s crypto crash, falling by 91% since 2021. Contrastingly, the Netherlands has witnessed the biggest uptick in news articles about cryptocurrencies, which has risen by 38% since 2021.
Malaysian investors have lost the most interest in keeping up with crypto news, at only 5% of 2021’s rate in 2023. Whereas, Japanese investors are the keenest regarding engagement with crypto articles, which has risen by 13% in the country since 2021.

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