According to ME News, on September 3 (UTC+8), Cornell University in the United States released a Bitcoin Adoption Index report, surveying 25,880 individuals across 25 countries. The report found that El Salvador, Venezuela, and Nigeria had the highest proportions of respondents who had ever owned Bitcoin. It noted that in economies with unstable fiat currencies, difficulty accessing U.S. dollars, or unreliable banking services, Bitcoin serves more as a pragmatic workaround than a speculative tool. One respondent from Venezuela said Bitcoin is “faster, cleaner, and lower-risk” than other ways to obtain U.S. dollars; a respondent from El Salvador stated, “No one controls Bitcoin, which means we all own it”; and a respondent from Nigeria said that after visiting six African countries, he never worried because he knew he could use Bitcoin to make purchases. The survey also revealed that 58% of respondents were unaware that Bitcoin’s supply cap is 21 million coins. The report was commissioned by Cornell University and conducted by Morning Consult, in collaboration with the Institute for Technology Policy at Cornell’s Jeb E. Brooks School of Public Policy, the Cornell Bitcoin Club, the Human Rights Foundation, and the Reynolds Foundation. The survey was conducted between December 16, 2024, and March 10, 2025, and included 125 questions. (Source: ChainCatcher)
Cornell University Releases Bitcoin Adoption Index, with El Salvador and Venezuela Leading
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Summary
The Bitcoin Adoption Index from Cornell University shows that El Salvador, Venezuela, and Nigeria lead in ownership rates, according to a global survey of 25,880 people across 25 countries. Bitcoin’s role in liquidity and crypto markets is expanding in regions with unstable fiat currencies and underdeveloped banking systems. A Venezuelan user described Bitcoin as faster and safer than obtaining USD, while a Salvadoran user said no one controls it. The study also found that 58% of respondents were unaware that Bitcoin’s supply is capped at 21 million. Conducted by Morning Consult, the survey ran from December 2024 to March 2025 and included 125 questions. The report was released ahead of potential Bitcoin ETF approvals in several major markets.
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