The industry report suggested that 58 per cent of Irish respondents are “crypto curious”, well ahead of the international average of about 50 per cent and the highest among all countries surveyed. Ireland was followed by Germany at 53 per cent, Colombia at 50 per cent and the UK at 49 per cent.It found that 18 per cent, or fewer than a fifth, of Irish respondents owned cryptocurrency.
The majority of Irish cryptocurrency owners, more than 60 per cent, are men but the majority of those said by Gemini to be “curious” about it are women. Gemini says the average Irish crypto owner is aged 36 and earns between €26,000 and €65,000. The report’s authors suggested that, globally, inflation worries are driving interest in cryptocurrencies.
Meanwhile, sceptics of cryptocurrencies, such as Nobel prize-winning economist Paul Krugman, have derided the sector as a “ponzi scheme”, a stance that has been rejected by crypto investors.
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