Cryptocurrency analysts name the country where every third citizen has cryptocurrency

According to a recent report by VoucherCodes, one in three people in the UK owns cryptocurrency, all because of the falling value of fiat money. The most popular digital assets among the British are: bitcoin, Ethereum, Dogecoin, Litecoin, Chainlink, and Shiba Inu.

According to analysts, the majority of 34% of British residents who invested in cryptocurrencies are men. According to expert Robert Peston, the rapid fall of the pound, the increase in the cost of most goods, and the unstable economic situation in the world are forcing the British to look for alternative sources of saving their savings, including crypto investments.

However, apart from cryptocurrency fans, there are always skeptics. The most common reason for not using digital assets in the UK is a lack of knowledge about cryptocurrencies. Also, some Britons are not ready to invest in bitcoin and other cryptocurrencies until their use is regulated at the state level.

Interestingly, in early September, Google Trends researchers found that the most popular digital asset among UK residents was the Shiba Inu (SHIB) meme token. Thus, neither bitcoin nor ethereum managed to outpace Shiba Inu in terms of the number of searches in 2022.

It is worth noting that in addition to receiving the desired profits from crypto investments, the British often become victims of cryptocurrency fraud. Due to the large number of crimes related to digital assets, the UK government plans to expand the powers of the authorities. Officials decided to simplify the procedure for seizing and freezing digital assets. British lawmakers have submitted a bill to the parliament to eliminate «privacy concerns» and empower law enforcement agencies to «force businesses to hand over information that may be related to money laundering or terrorist financing using crypto assets.»