• 65,000 people in Oman possess bitcoin and other forms of cryptocurrency, making up almost 2% of the country’s adult population.
• The study reveals that a remarkable 98% of Oman’s adult population had heard of cryptocurrencies, showing a growing awareness.
• Bitcoin is the most popular cryptocurrency among Oman’s crypto owners, with over 55% of respondents indicating ownership.
Oman has seen a surge in the number of people owning and trading cryptocurrencies, with Souq Analyst’s recent survey showing that almost 65,000 of the country’s adult population own bitcoin and other digital assets. This marks a significant increase in the number of crypto holders in the Arab state, accounting for almost 2% of the population.
The survey conducted by Souq Analyst provides a country-specific insight into banking, cryptocurrencies, crowd funding, and investing. It revealed that a remarkable 98% of Oman’s adult population had heard of cryptocurrencies, showing a growing awareness among the citizens. This is an encouraging sign, especially when compared to other countries in the region, which still have a limited understanding of crypto assets.
Bitcoin is the most popular cryptocurrency among Oman’s crypto owners, with over 55% of respondents indicating ownership. Ethereum follows closely behind, followed by XRP, Tether, and other alternative cryptocurrencies. Interestingly, a sizeable percentage of crypto owners consider their holdings as a secure alternative to traditional money, with over 12% of respondents stating that they own crypto assets worth more than 10,000 USD.
Furthermore, the study revealed that 90% of cryptocurrency owners in the country are between the ages of 18 and 44, with one-fourth of the respondents having completed high school. This is an indication that crypto knowledge is not limited to just the younger generation, as more people of all ages are beginning to understand the potential of digital assets.
The level of crypto-awareness in Oman is increasing rapidly, and with more people turning to digital currencies as a secure alternative to traditional money, the trend is expected to continue. With Souq Analyst providing its community with stock market news and analysis, investment ideas, charts, and portfolio analysis, more and more people are likely to be drawn to the world of cryptocurrencies.