Crypto investors are flocking to Arab countries, $896.7 billion as of December 2021

With a market valuation of $896.7 billion as of December 2021, Bitcoin is the world’s largest blockchain-based digital asset.
Even in the GCC region, it is quite popular among business enthusiasts, and speculative investors align with other top cryptocurrencies.
Let’s see which Arabic country is the most active cryptocurrency investor.

Egypt and Morocco are in the lead.

According to a survey produced by the consultancy firm Triple-A, Egypt has the most crypto investors in the Arab world:
It has a total investment of 1.7 million Egyptians.

Only 1.75 percent of Egypt’s population, on the other hand, has made such investments.

Morocco, on the other hand, leads the Arab world in terms of investor-to-population ratio, with 2.38 percent of the population — or 878,000 people — investing in cryptocurrencies.
The total number of investors

After Egypt, which came in first, and Morocco, which came in second, Saudi Arabia came in third, with 452,200 crypto investors.

With 375,300 investors, Iraq is in fourth place, and Yemen is in fifth place with 278,300 investors.

Investors per 100,000 people

When it comes to the percentage of the public who has invested in cryptocurrencies, Morocco tops the Arab world, followed by Egypt.

The United Arab Emirates, on the other hand, is in third place, with 1.54% of its people investing in virtual currencies.

Then there’s Jordan (1.3%) and Saudi Arabia (1.3%). (1.27 percent).

The total number of investors

After Egypt, which came in first, and Morocco, which came in second, Saudi Arabia came in third, with 452,200 crypto investors.

With 375,300 investors, Iraq is in fourth place, and Yemen is in fifth place with 278,300 investors.

Investors per 100,000 people

When it comes to the percentage of the public who has invested in cryptocurrencies, Morocco tops the Arab world, followed by Egypt.

The United Arab Emirates, on the other hand, is in third place, with 1.54% of its people investing in virtual currencies.

Then there’s Jordan (1.3%) and Saudi Arabia (1.3%). (1.27 percent).

On a global scale,

As of 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide.
And over 18,000 businesses are already accepting cryptocurrency payments.
However, the top five countries in the “Number of crypto owners” list have India (100 million) and the US (27 million) in the first two spots.
Nigeria is in the third place with 13 million investors, Vietnam fourth with 5.9 million, and the United Kingdom fifth place with 3.3 million.

Expectations in 2022

Cryptocurrency experts, are declaring that the number of crypto owners will rise in the Middle East, mainly in the GCC countries this year.
They especially mentioned the UAE and Bahrain, where legislation makes it legal and regulated to own different digital currencies.
They talked about the Triple-A report, saying Morocco was a surprise when it came to the number of crypto owners. However, he clarified: “This is because of the financial crisis in the kingdom.”
In this context, they expected the Bitcoin price to reach $100,000 in 2022, especially as a result of the increase in the global inflation rates.
They added that the US would face financial struggles, as experts expect, which would lead to more investments in the crypto world.