Bitcoin adoption has grown significantly in the last few years. Economic uncertainty, inflation, and distrust in traditional banking systems are pushing more power toward decentralized finance. But what are the top countries embracing Bitcoin, based on trading volume, wallet adoption, regulatory clarity, and the Bitcoin price today, approximately at $109,700?
Bitcoin across the globe
The 2024 Global Crypto Adoption Index by Chainalysis revealed that Central and Southern Asia and Oceania lead in Bitcoin adoption. India ranked first overall, with a no.1 position for both “centralized service value” and “retail centralized service value”, and no.3 and 3 rankings for “DeFi value received” and “retail DeFi value received” respectively.
Countries like India, Vietnam, and the Philippines lead the way thanks to strong grassroots interest, widespread mobile internet access, and remittance use cases (where Bitcoin is transferred as a payment or gift, often from a family member).
Global crypto adoption remains low compared to traditional banking systems, but Chainalysis and other industry observers note that millions of users are engaging with Bitcoin.
United States
The US remains an important part of the Bitcoin world. According to 2024 research by Pew Research Center, 17% of US adults had “invested in, traded, or used cryptocurrency”. This figure is expected to have grown given the Trump administration’s support for the industry. Following Trump’s election, Bitcoin hit its record high, and the Bitcoin price today suggests it is in a healthy position, having once again climbed above $100,000.
The research found that men under 50 were more likely to have experience in crypto, and the results also differed by race and ethnicity. White adults were the least likely to have invested, traded, or used crypto, while crypto was more widely adopted among Asian (28%), Black (23%), and Hispanic (21%) adults. Pew Research found that there was more crypto use among upper-income households.
The survey also looked at how cryptocurrency investments had affected personal finances. In 2024, 37% of crypto users said their investments had done “about as expected”. In 2023, 60% of respondents said their investments “had neither helped nor hurt their personal finances.”
El Salvador
El Salvador’s adoption of Bitcoin as legal tender in 2021 was aimed at bringing financial services to a largely unbanked population. The decision makers also wanted to boost remittances and international investment. But the volatility of Bitcoin presented challenges, leading to debates about the strategy. On April 30, 2025, it was reported that El Salvador was continuing to buy Bitcoin despite the International Monetary Fund (IMF) urging the country to reduce its crypto purchases after a $1.4 billion loan. Economy minister Maria Luisa Hayem said there was “a commitment of President Bukele to keep accumulating assets” (per Bloomberg).
United Kingdom
The UK is advancing its regulatory oversight of digital assets, with consultations around stablecoins and CBDCs. Adoption levels are moderate, but London remains a global financial center that attracts fintech investment, including that in crypto. Public engagement with Bitcoin is more popular among younger demographics and tech-focused investors.
Bhutan
Bhutan has quietly become a noteworthy player in Bitcoin investment. Through its sovereign wealth fund, the country has reportedly accumulated a sizable Bitcoin reserve, though specifics are not regularly disclosed. Financial Times reported that Bhutan’s reserve comes from mining its own coins, “harnessing rivers to power the computers.” Editor Roula Khalaf wrote that there was “a nice circularity to this”, as exporting hydropower would be costly and eventually require new infrastructure. Instead, Bhutan “monetises the energy” by mining its own coins. The process is “helpful for a country with few wealth-generating levers”.
Singapore
Singapore has a proactive approach to crypto regulation; the Monetary Authority has implemented frameworks to oversee digital payment token services. Institutional interest is stronger than in many other countries, and fintech firms continue to develop crypto solutions for retail and enterprise use.
Vietnam
Vietnam consistently ranks near the top of Chainalysis’s index, thanks to high engagement across developers, entrepreneurs, and retail users. Bitcoin is widely used for remittances, as well as trading and as a hedge against currency devaluation.
Argentina
Argentina is among the countries to have turned to Bitcoin as a store of value amid persistent inflation and currency instability. Peer-to-peer trading is common and stablecoins are popular as hedges against the peso.
Brazil
Another South American country, Brazil, has implemented pro-crypto policies and is often cited as a blueprint for other countries who are looking to adopt digital currencies. Felipe Gomes, a blockchain developer, has said the country’s regulatory clarity “is fostering trust and driving innovation in the crypto sector” (per coincrowd.com).
Nigeria
Nigeria has a large, tech-savvy youth population and restricted access to foreign currencies have influenced Bitcoin remittances and savings. Akanni Ibukun Akinyemi, a professor of demography and social statistics, reported for The Conservation that Nigeria “has the largest population of youth in the world and a median age of 18.1 years. About 70% of the population is under 30, and 42% is under the age of 15.” The country’s central bank is experimenting with a digital naira, but adoption of decentralized crypto remains more robust.
Last word
Bitcoin adoption is driven by various objectives. From retail-driven growth in Southeast Asia and Latin America to institutional momentum in North America, the motivations for adopting Bitcoin are as far-reaching as the countries themselves. As usage spreads and infrastructure matures, Bitcoin may continue to grow from a speculative asset to a practical financial tool in more parts of the world.
Post Comment
Be the first to post comment!
