Your statement aligns with recent comments attributed to Binance CEO Richard Teng and Binance user data. According to reports, year-over-year Bitcoin holder growth on Binance was cited as:
APAC: +31%
MENA: +26%
Latin America: +29%
These figures suggest that adoption growth is strongest in emerging markets rather than in traditional financial centers.
A few factors often cited for this trend include:
Inflation protection: In some countries, people use Bitcoin as a store of value when local currencies are volatile.
Financial access: Crypto can provide savings, payments, and investment options where banking services are limited.
Mobile-first adoption: High smartphone penetration makes digital assets easier to access.
Cross-border transfers: Crypto can reduce costs and friction for remittances and international payments.
Binance Research also reported that 77% of Binance users are now based in emerging markets, up significantly from 2020, reinforcing the idea that the "Global South" is becoming a major driver of crypto adoption.
That said, these numbers reflect Binance users, not necessarily all Bitcoin holders worldwide, so they are an indicator of adoption trends rather than a complete picture of global Bitcoin ownership.