Cryptocurrency, once dismissed as speculative "internet funny money," is rapidly securing its status as a legitimate and influential asset class. With an increasing number of corporate balance sheets and sovereign reserves allocating funds for digital currencies, it's evident that the landscape of crypto is transitioning in remarkable ways that warrant attention. A recent report by Gemini titled "The Global State of Crypto" emphasizes this very trend, revealing significant insights into the rising adoption of cryptocurrencies across the globe.
Rising Ownership Rates
The report, which surveyed over 7,200 respondents from key markets including the U.S., U.K., France, Italy, Singapore, and Australia, reports an overall increase in cryptocurrency ownership since 2024. Notably, Europe has shown substantial growth, significantly attributed to positive regulatory developments like the EU's Markets in Crypto Assets Bill. For instance, ownership in the U.K. and France has surged—24% of individuals in the U.K. and 21% in France now report owning crypto, up from 18% the previous year. Interestingly, the U.K. experienced the most significant ownership increase among surveyed countries, despite limited governmental adoption efforts.
In terms of leadership in crypto ownership, Singapore tops the ranks with an impressive 28%, followed by Australia at 22% and Italy at 19%.
Growing Confidence Among No Coiners
The evolving landscape is also influencing perceptions among those yet to delve into crypto—often referred to as "no coiners." The report indicates that favorable regulatory policies from the U.S. government under President Trump, including initiatives like a strategic Bitcoin reserve, have bolstered confidence. Notably, 23% of American no coiners express increased confidence in cryptocurrencies due to these measures. UK respondents echoed this sentiment, with 21% feeling more secure in the asset class, a trend mirrored across multiple nations.
The Role of Memecoins in Onboarding New Investors
Memecoins have emerged as entry-level choices for many new investors drawn to the crypto space through stories of exponential returns. The report shows that a remarkable 94% of memecoin holders also invest in other cryptocurrencies. It is noteworthy that 31% of Americans identify memecoins as their first crypto investment—a gateway leading to deeper engagement with the crypto ecosystem. The meme-driven culture surrounding these coins serves as a captivating introduction to a much broader financial landscape.
Interestingly, France boasts the highest percentage of memecoin holders at 67%, highlighting a unique cultural engagement with crypto in that region.
The Institutional Shift: Spot Crypto ETFs
While retail investors may gravitate towards memecoins, institutional participation has latched onto spot crypto Exchange-Traded Funds (ETFs), which have been identified as the fastest-growing ETFs in history. In the U.S., 39% of survey participants indicated they own crypto ETFs, with Italy following at 47%. The popularity of these tools is bringing traditional and institutional investors into the crypto market, showcasing its ability to provide accessibility and legitimacy.
Bitcoin's Value Proposition
As the crypto market demonstrates resilience—even amidst declines in tech stocks—investors are beginning to perceive Bitcoin as a more stable store of value rather than merely a speculative risk-on asset. The report reveals a decrease in selling activity, with only 1 in 10 respondents having sold their digital assets in the last six months. This trend is particularly pronounced in Australia, where only 8% reported selling.
Addressing Inflation Concerns
Inflation remains a topic of concern for many investors, with 39% of American respondents viewing crypto as a hedge against inflation. This figure reflects a rise from 32% in the previous year, indicating that as inflation concerns grow, so does the inclination to invest in cryptocurrencies as a safeguard for value retention.
Gender and Age Demographics
Despite the largely male-dominated legacy of the crypto space, progress is being made toward closing the gender gap. In 2025, 30% of crypto investors in the U.S. identified as female, an increase from 28% in 2024. Meanwhile, younger generations are leading adoption rates, particularly millennials and Gen Z, with more than half of millennials investing in crypto, and Gen Z closely following with 48% involvement.
Looking Ahead
The insights provided in the Gemini report showcase a robust momentum toward mass adoption of cryptocurrency. As societal attitudes shift, universally supported governance mechanisms begin to take shape, and emerging generations embrace digital assets, the future seems bright for crypto. Investors—both new and seasoned—are likely to continue to explore what cryptocurrencies can offer in terms of economic opportunity and financial protection.
In summary, the current wave of crypto adoption, driven by regulatory advancements, innovative investment products, and a growing appetite among diverse demographics, signifies that we may very well be on the cusp of a cryptocurrency revolution. The journey to mainstream exclusivity is underway, and its unfolding will certainly define our financial landscape for years to come.
By Wolfy Wealth - Empowering crypto investors since 2016
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Disclosure: Authors may be crypto investors mentioned in this newsletter. Wolfy Wealth Crypto newsletter, does not represent an offer to trade securities or other financial instruments. Our analyses, information and investment strategies are for informational purposes only, in order to spread knowledge about the crypto market. Any investments in variable income may cause partial or total loss of the capital used. Therefore, the recipient of this newsletter should always develop their own analyses and investment strategies. In addition, any investment decisions should be based on the investor's risk profile.
