Crypto adoption hit 'tipping point' last year over inflation concerns, Gemini says

"Crypto adoption reached a true tipping point last year, becoming an established economic driver and a valued investment across the globe," said Noah Perlman, chief operating officer at digital asset exchange Gemini. Specifically, almost half of all current crypto owners in the U.S. (44%), Latin America (46%) and Asia Pacific (45%) first bought crypto in 2021, according to Gemini's 2022 Global State of Crypto report, adding that surging inflation was the primary driver of adoption. Also, the crypto gender gap may be narrowing in the coming year, and global education remains the greatest barrier to investing in crypto, the report said. For emerging markets, Brazil and Indonesia led the way in crypto adoption with more than 41% of respondents in each country reporting crypto ownership, compared with 17% across developed economies including the U.S. (20%), Europe (17%) and Australia (18%). Recall at the beginning of April when Indonesia planned to charge a