What Is Behind Norway’s Booming Bitcoin And Crypto Interest?
In the fourth survey about crypto adoption ran in Norway by Arcane Research and Ernst & Young (EY) in 2018, they find that the industry is booming in the country with the levels of ownership that have doubled from 5% to 10%. Moreover, bitcoin miners seem to be attracted to several traits of the country.
Crypto Is Booming In Norway
Arcane Research shows in its latest weekly update data from a survey conducted by themselves and EY. The study found that at the moment around 420,000 Norwegians currently own cryptocurrencies. This translates to 10% of Norway’s adult population owning digital assets, an increase of 120,000 people or 7% since 2021.
The gender gap in crypto adoption seems to be closing in the country. Norwegian females are showing higher interest in crypto this year with a rate of crypto ownership that doubled from 3% in 2021 to 6% in 2022.