Gemini: The encrypted retail market is expected to rebound

On September 10, the cryptocurrency trading platform Gemini stated in its "2024 Global Cryptocurrency Status" report on Tuesday that despite facing some significant obstacles, the adoption rate of cryptocurrency in the United States and the United Kingdom has remained stable in recent years. The retail market now appears ready to rebound. This report is based on a survey of 6,000 people from the United States, UK, France, Singapore and Turkey conducted online from May 23 to June 28 this year. The report states that from 2022 to 2024, the adoption rates of cryptocurrencies in the US and UK remained essentially unchanged at 21% and 18%, respectively. During this period, digital asset ownership in France rose from 16% to 18%, while it fell from 30% to 26% in Singapore. Gemini said nearly two-thirds of respondents indicated they hold cryptocurrencies because they see long-term investment potential; meanwhile, about thirty-eight percent said they held these assets as a hedge against inflation.