- August 26, 2021
Afghanistan becomes a cryptocurrency adoption hotspot
If you and your family are in a country that is being overrun by force. Everybody and their dog seem to have a hand in the country’s cookie jar. That is the national cash reserve and money in banks.
Except you. You are just an average person wanting to survive with what assests you may have collected over your lifetime. Where to from here? The answer appears to be the new store of value accessible to everyone with a $50 mobile phone.
Bitcoin.
Afghanistan becomes a cryptocurrency adoption hotspot
It is a horrendous situation the average person in Afghanistan finds themselves in currently. It appears though that these tough times have forced a rapid adoption of cryptocurrency, specifically Bitcoin.
On data analysis run on the blockchain by Chainalysis. Afghanistan made the 2021 Global Crypto Adoption Index Top 20. Australia did not by the way.
Out of 154 countries indexed and scored Afghanistan came in at 20 whereas in 2020 they did not make the list.
If and when times get better, hopefully this new global store of value will serve the people of Afghanistan well.