18 % of French People would own cryptocurrencies according to a new study !

The adoption of cryptos in France has never been stronger. New data confirms this. With 18% of French people now holding crypto assets, the country seems to be taking a decisive direction towards broader integration of these financial technologies. Far from being a niche strategy, this trend reflects a profound transformation of the economic landscape, driven by technological innovations and financial upheavals.

The growing adoption of cryptos in France

The report titled “2024 Global State of Crypto” published by Gemini on September 10, 2024, communicates a key data point: 18 % of French people now hold cryptos. This figure represents an increase compared to previous estimates, which set this proportion at 12 % earlier in the year. In concrete terms, this means that more than 12 million French people currently own cryptos, a historic record for the country. The report specifies also that “30 % of French people have, at some point, held cryptos,” which includes a growing number of former holders.

Furthermore, crypto holders in France seem to have significant confidence in the future of these assets. According to Gemini, 70 % of Bitcoin holders believe its value will continue to rise over the next five years, while 63 % think businesses will accept these cryptos as a means of payment by 2034. These figures highlight how much the French perceive cryptos as a short-term investment and a financial revolution in the making.

A contrasting international perspective

While France shows a marked increase in crypto adoption, what about other countries? The Gemini report reveals contrasts in global adoption trends. In the United States, for example, the rate of crypto ownership increased from 20 % in 2022 to 21 % in 2024, a moderate but steady growth. In contrast, in the United Kingdom, the proportion remains stable at 18 %, similar to that of France. Singapore, on the other hand, records a notable decline, dropping from 30 % to 26 % over the same period. This decline is partly explained by a tightening of local regulations, which have dampened some potential investors.

The disparity between different nations provides insight into the importance of the regulatory framework in crypto adoption. As Marshall BEARD, Chief Operating Officer at Gemini, stated, “the introduction of spot crypto ETFs in the United States and significant progress towards thoughtful regulation globally have positioned the sector on a path of strong growth.” The prospects for the development of the crypto market thus seem closely tied to regulation, a factor that will play a crucial role in the years to come.

The adoption of cryptos in France, marked by an increase, reflects a rapidly evolving sector. As regulations are taking shape, with the entry of new investors, France could well find itself at the forefront of this digital revolution.