Key Takeaways
Cornell University's Bitcoin Adoption Index reveals how bitcoin serves as a practical workaround against inflation and failing banking systems globally.
According to reporting by Bitcoin Magazine, a new Bitcoin Adoption Index report from Cornell University shows that bitcoin is frequently used to bypass failing banking rails or inflation. Cornell surveyed 25,880 people globally across 25 countries between December 2024 and March 2025. The research found that El Salvador, Venezuela, and Nigeria led in the share of respondents who had ever owned bitcoin, functioning as practical workarounds in economies with unstable national currencies.
Despite high ownership in these regions, Cornell found that knowledge remains shallow. Among those surveyed, 58% did not know the bitcoin supply is capped at 21 million coins. However, interviewees highlighted practical benefits, with a Venezuelan stating it was faster and less risky for obtaining dollars, a Salvadoran emphasizing decentralized control, and a Nigerian noting cross-border utility.
The research was fielded by Morning Consult alongside partners including the Tech Policy Institute, the Cornell Bitcoin Club, the Human Rights Foundation, and the Reynolds Foundation.
Source & Fact-Check Note
This report is synthesized from coverage by Bitcoin Magazine. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at Bitcoin Magazine ↗
