Crypto adoption in Ireland is down over 16% in the last year

Adults in Ireland have become slightly less interested in crypto with ownership dropping from 12% to 10% in the last year.< /p > New

The number of crypto investors in Ireland has fallen slightly over the past year, or so it seems according to recent data from Finder.com.

The report found that cryptocurrency adoption in the island nation has fallen by an estimated 16.6% over the past year. Of Irish adult internet users surveyed, 10% own cryptocurrency, up from 12% in 2021.

Finder crypto scholar James Edwards said such a small drop is actually a positive shock given the state of the bear market.

"We saw huge declines in the price of Bitcoin in early May and June and while we saw a reduction in the number of people holding cryptocurrency, it's not as bad as expected."

Edwards says the data suggests that despite the massive sales, the small drop in the number of holders signals both hodlers and even more purchases at discounted rates.

The survey also highlighted the predominance of Irish male investors over female investors, with 72% of shareholders surveyed being male. This gender gap is in line with the reality of the entire crypto space, which is heavily male-dominated.

This is slowly changing as the space continues to integrate with various global industries. According to BTCM's 2021 investor research report, the number of female investors entering the space increased by 126%.

Irish investors are the most fond of Bitcoin (BTC) with 35% ownership among local users. It is followed by Dogeco...