disclosed that estimated crypto ownership more than doubled in the UK between 2021 and 2022.
* **4.4%** in 2021. This equates to almost 5 million people.
* **93%** of those surveyed purchased crypto with disposable income, long term savings or prior gains.
research study on investment trends among Gen Z - those aged 18-25.
* **48%** of those polled considered buying property as the main priority of their investment activity.
That is where the similarities end for the US and the UK.
Coinbase has been urging US regulators to clarify rules on crypto so they can comply. Over last weekend, Coinbase CEO Brian Armstrong was interviewed at length about the issues facing the sector. If you haven’t seen the interview, then its really worth a watch.
Both Rishi Sunak and Kier Starmer were interviewed at London Tech Week last week too. While the focus was primarily on AI, their appearances demonstrate how seriously the UK’s leaders are - hopefully - taking in ensuring the country remains a leader in all things tech, including blockchain and digital assets.
"Cryptocurrency and digital assets have the potential to significantly transform the established financial services system and the way money is dealt with. The rapid growth of cryptocurrency and digital assets in recent years and the increased interest and adoption amongst consumers and investors, suggests that the sector needs to be regulated to protect consumers and to promote investment and economic growth.”_
The direction of travel in the UK is more positive than it was 12 months ago. The acceptance that crypto is not just here to say, but is a critical feature of the lives of the younger generations should hopefully encourage efforts to accelerate innovation and adoption in the UK.