Crypto adoption 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 a 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 entitled “2024 Global State of Crypto” published by Gemini on September 10, 2024 communicates a key statistic: 18% of French people now hold cryptos. This figure represents an increase compared to previous estimates, which set this proportion at 12% at the beginning of 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 precise also that “30% of French people have, at one time or another, held cryptos”, which includes a growing share of former holders.
Furthermore, crypto holders in France appear to have significant confidence in the future of these assets. According to Gemini, 70% of Bitcoin holders believe its value will continue to climb over the next five years, while 63% believe that businesses will accept these cryptos as a means of payment by 2034. These figures highlight the extent to which the French perceive cryptos as a short-term investment, and a financial revolution in the making.
A contrasting international perspective
While France is showing a clear increase in crypto adoption, what about other countries? Gemini’s report reveals contrasts in the evolution of global adoption. In the United States, for example, the crypto holding rate increased from 20% in 2022 to 21% in 2024, a moderate but steady growth. In the United Kingdom, however, the proportion remains stable at 18%, similar to that of France. Singapore, on the other hand, recorded a notable decline, going from 30% to 26% over the same period. This decline is partly explained by a strengthening of local regulations, which have discouraged some potential investors.
The disparity between nations speaks to the importance of the regulatory framework in crypto adoption. As Marshall Beard, COO at Gemini, said, “The introduction of cash crypto ETFs in the US and significant progress toward thoughtful regulation globally have positioned the sector on a strong growth trajectory.” The outlook for the crypto market therefore seems closely tied to regulation, a factor that will play a crucial role in the years to come.
The adoption of cryptocurrencies in France, marked by an increase, reflects a sector in full mutation. As regulations are emerging, with the entry of new investors, France could well find itself at the forefront of this digital revolution.
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