Chainalysis Report Reveals Crypto Has Gone “Global” In 2021

The blockchain is an immutable record. Companies like Chainalysis make a living out of interpreting that data, extracting value and insights from the numbers. And on-chain analysis reveals that crypto is now “a truly global phenomenon.” The data comes from Chainalysis’ 2021 Global Crypto Adoption Index. The people that really need crypto, qualified as “emerging markets” in the paper, are increasingly involved in the space. Related Reading | Crypto Company Circle Seeks To Become Global Digital Currency Bank In The Weekly Update, our friends at Arcane Research found this to be the headline: “Chainalysis further ranked the countries with the highest crypto adoption following their methodology. A majority of the countries featuring at the top 20 list are emerging market economies.” And clarifying their intention, Chainalysis’ paper itself starts with: “While the professional and institutional markets are crucial, we want to highlight the countries with the greatest cryptocurrency adoption by ordinary people, and focus on use cases related to transactions and individual saving, rather than trading and speculation.” That being said, we have to talk about… BTC price chart on Bitstamp | Source: BTC/USD on TradingView.com What Was Chainalysis ’ Methodology? The company focused on “cryptocurrency adoption by ordinary people,” so they weighted everything by purchasing power parity per capita. They ranked “all 154 co...