2021 was a blockbuster year for crypto, survey finds

A new survey has found 2021 was a blockbuster year for cryptocurrencies

Data from Gemini looked at 30,000 people in the U.S., Latin America and the Asia Pacific.

It found almost half of all crypto owners purchased the digital assets for the first time last year.

Inflation is set to be behind the drive, particularly in countries with currency devaluation.

Brazil and Indonesia lead the world in crypto adoption, with 41 per cent of people surveyed in those countries reporting crypto assets.

Meanwhile, the U.S. and U.K. reported 20, and 18 per cent respectively.

The majority of survey respondents chose to purchase crypto for their long-term investment potential.

People who do not currently own crypto—and live in countries that have experienced currency devaluation—are around five times as likely to purchase crypto in the future.

However, only 17 per cent of Europeans say they owned digital assets in 2021. Around 7 per cent say they intend to buy digital assets at some point in the near future.

It comes as lawmakers crack down on crypto regulation across Europe and the U.S.