15 Jan

65,000 Omani Adults Own Bitcoin, Survey Finds

• According to a Souq Analyst survey, 65,000 people in Oman own bitcoin and other cryptocurrencies.
• 98% of the adult population in Oman is aware of cryptocurrencies.
• Bitcoin is the most popular cryptocurrency among Oman’s crypto owners, followed by Ethereum, XRP, Tether, and other alternative cryptocurrencies.

A new Souq Analyst survey has revealed that a surprising number of people in Oman possess bitcoin and other forms of cryptocurrency. The survey concluded that about 65,000 people in the country own some form of cryptocurrency. This figure represents almost 2% of the adult population in Oman, which indicates that knowledge of cryptocurrency in the Arab state is significantly high.

The survey revealed 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. Ethereum ranks second, followed by XRP, Tether, and other alternative cryptocurrencies.

The study also indicated that a sizeable percentage of bitcoin owners consider their holdings as a secure alternative to traditional money. Over 12% of respondents said they own crypto assets worth more than 10,000 OR ($26,000) while 11% said they own assets worth between 5,000 OR and 10,000 OR ($13,000 – $26,000).

Furthermore, the survey suggested that the level of crypto-awareness in the country is rising rapidly. The study indicated that roughly one-fourth of the respondents had completed high school and that 90% of cryptocurrency owners in the country are between the ages of 18 and 44.

Souq Analyst provides its community with stock market news and analysis, investment ideas, charts, and portfolio analysis. Moreover, the community provides country-specific perspectives on banking, cryptocurrencies, crowd funding, and investing.

The survey has provided valuable insights that can be used to help guide the development of the crypto industry in Oman. The growing awareness of cryptocurrency and rising numbers of crypto owners in the country is evidence that Oman is well on its way to becoming a major player in the global crypto market.