Consumers from countries in Africa, Asia, and South America were most likely to be an owner of cryptocurrencies, such as Bitcoin, in 2025. This conclusion can be reached after combining ** different surveys from the Statista's Consumer Insights over the course of that year. Nearly one out of three respondents to Statista's survey in Nigeria, for instance, mentioned they either owned or use a digital coin, rather than *** out of 100 respondents in the United States. This is a significant change from a list that looks at the Bitcoin (BTC) trading volume in ** countries: There, the United States and Russia were said to have traded the highest amounts of this particular virtual coin. Nevertheless, African and Latin American countries are noticeable entries in that list too. Daily use, or an investment tool? The survey asked whether consumers either owned or used cryptocurrencies but does not specify their exact use or purpose. Some countries, however, are more likely to use digital currencies on a day-to-day basis. Nigeria increasingly uses mobile money operations to either pay in stores or to send money to family and friends. Polish consumers could buy several types of products with a cryptocurrency in 2019. Opposed to this is the country of Vietnam: Here, the use of Bitcoin and other cryptocurrencies as a payment method is forbidden. Owning some form of cryptocurrency in Vietnam as an investment is allowed, however. Which countries are more likely to invest in cryptocurrencies? Professional investors looking for a cryptocurrency-themed ETF were more often found in Europe than in the United or China, according to a survey in early 2020. Most of the largest crypto hedge fund managers with a location in Europe in 2020, were either from the United Kingdom or Switzerland - the country with the highest cryptocurrency adoption rate in Europe according to Statista's Global Consumer Survey. Whether this had changed by 2025 was not yet clear.

Bitcoin's blockchain size was close to reaching 652.93 gigabytes in June 2025, as the database saw exponential growth by nearly one gigabyte every few days. The Bitcoin blockchain contains a continuously growing and tamper-evident list of all Bitcoin transactions and records since its initial release in January 2009. Bitcoin has a set limit of 21 million coins, the last of which will be mined around 2140, according to a forecast made in 2017. Bitcoin mining: A somewhat uncharted world Despite interest in the topic, there are few accurate figures on how big Bitcoin mining is on a country-by-country basis. Bitcoin's design philosophy is at the heart of this. Created out of protest against governments and central banks, Bitcoin's blockchain effectively hides both the country of origin and the destination country within a (mining) transaction. Research involving IP addresses placed the United States as the world's most Bitcoin mining country in 2022 - but the source admits IP addresses can easily be manipulated using VPN. Note that mining figures are different from figures on Bitcoin trading: Africa and Latin America were more interested in buying and selling BTC than some of the world's developed economies. Bitcoin developments Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 2023 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin.

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Blockchain In Supply Chain Industry Market Size 2025-2029

The blockchain in supply chain industry market size is forecast to increase by USD 16.82 billion, at a CAGR of 65.5% between 2024 and 2029.

The blockchain market in the supply chain industry continues to evolve, presenting significant opportunities and challenges for businesses. One of the most pressing issues is the increasing number of cargo thefts, which has led companies to explore the use of blockchain technology to enhance security and transparency. Blockchain-as-a-service (BaaS) providers are at the forefront of this trend, offering cost-effective solutions for businesses looking to implement blockchain technology without the high initial setup and implementation costs. According to recent studies, the adoption of blockchain in the supply chain industry is projected to grow at a steady pace, with an estimated 30% of global Fortune 500 companies expected to implement blockchain solutions by 2023.
Moreover, the benefits of blockchain extend beyond security. Blockchain technology enables real-time tracking and visibility of goods in transit, reducing the need for intermediaries and streamlining the supply chain process. This not only increases efficiency but also helps to improve customer satisfaction by providing accurate and timely information on the status of orders. Despite these advantages, the implementation of blockchain technology in the supply chain industry is not without its challenges. The complex nature of blockchain systems and the need for specialized expertise can make implementation a lengthy and costly process. However, as more businesses explore the benefits of blockchain, the market is expected to continue to grow, with new solutions and innovations emerging to address these challenges.
The ongoing adoption of blockchain technology in the supply chain industry underscores the dynamic nature of the market and the need for businesses to stay informed about the latest trends and developments. By leveraging the power of blockchain, companies can enhance security, improve efficiency, and gain a competitive edge in their industry.

Major Market Trends & Insights

North America dominated the market and accounted for a 46% growth during the forecast period.
The market is expected to grow significantly in Europe as well over the forecast period.
By the Type, the Public sub-segment was valued at USD 161.80 billion in 2023
By the Application, the Transportation sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 6.00 billion
Future Opportunities: USD 16.82 billion 
CAGR : 65.5%
North America: Largest market in 2023

What will be the Size of the Blockchain In Supply Chain Industry Market during the forecast period?

Explore market size, adoption trends, and growth potential for blockchain solutions in logistics Request Free Sample

The blockchain market in the supply chain industry is witnessing significant advancements, transforming traditional supply chain management systems. This technology, which functions as a decentralized, distributed database, is revolutionizing data management, integrity, and security across various sectors. According to recent market research, the adoption of blockchain technology in the supply chain industry has experienced a notable increase of 18.3%. This growth is driven by the need for enhanced data security, improved supply chain efficiency, and heightened transparency. Moreover, future industry projections indicate a promising growth trajectory, with a projected expansion of 25.1% within the next five years.
This growth is attributed to the increasing demand for secure and efficient data management systems, the rise of decentralized applications, and the growing importance of data provenance and privacy protection. Comparing the growth rates of blockchain adoption in the supply chain industry with that of other industries, it becomes apparent that the supply chain sector is experiencing a more rapid adoption rate. For instance, the healthcare industry, another sector that heavily relies on data security and integrity, has only seen a growth of 12.5% in blockchain adoption. Blockchain technology offers several advantages to the supply chain industry.
It enables the creation of a digital asset tracking system, ensuring data immutability and reducing the risk of counterfeit products. Moreover, the consensus algorithm and smart contract platform facilitate automated and secure transactions, streamlining the supply chain process and increasing overall efficiency. The data validation process in a blockchain network security is another significant advantage. Each transaction undergoes a rigorous verification process, ensuring data accuracy and reducing the risk of errors or fraudulent activities. Furthermore, the use of cryptographic security and distributed da

Title:
The Invisible Art Market: Informal Networks, Symbolic Capital, and Market Activity in Latin America

DOI:
10.5281/zenodo.15383517

Creators:
Brown, Scott (University of Puerto Rico – Río Piedras, Professor of Finance)

Description:
This dataset supports the empirical analysis presented in “The Invisible Art Market: Informal Networks, Symbolic Capital, and Market Activity in Latin America.” The study investigates how weak institutional frameworks, symbolic capital, and informal networks shape national art market development, with a special focus on BRIC countries and Latin America.

The dataset integrates four key sources:

• Art Sales Data (2021–2024) across Brazil, Russia, India, and China (BRIC) compiled from Artprice and Art Basel reports.

• Macroeconomic indicators from the World Bank’s GDP data.

• Institutional quality metrics using the International Property Rights Index (IPRI) and V-Dem rule of law variables.

A regression analysis (replicable via the art_market_brics.py Python script) demonstrates that stronger property rights (IPRI) and higher GDP are statistically associated with increased national art sales, even in non-Western economies. The data and code comply with FAIR principles and are structured for open replication and policy use.

Files included:

• art_market_brics.py (Python code to replicate regression models)

• BRIC_Art_Sales_2021_2024.csv (manually extracted and cleaned auction turnover data)

• GDP.csv (World Bank GDP data 2021–2024)

• IPRI_Country_Tables_Manual.xlsx (Institutional property rights index data, 2024)

• vdem_variables_filtered_1996_onward.xlsx (Governance data on Rule of Law from V-Dem)

Keywords:
art market, cultural economics, symbolic capital, institutional economics, BRIC countries, Latin America, intellectual property rights, informal economy, governance, development policy, Hernando de Soto

Subjects:

• Economics and Econometrics

• Cultural Studies

• Development Studies

• Public Policy

• Law and Society

License:
Creative Commons Attribution 4.0 International (CC BY 4.0)

Language:
English

Version:
1.0

Publication Date:
2025-05-13

Publisher:
Zenodo

Funding:
None (institutionally unfunded, conducted at a public university under resource constraints)

Related Works:
This dataset underpins the paper:
Brown, S. M. (2025). The Invisible Art Market: Symbolic Capital, Informal Institutions, and Development Constraints in Latin America [Manuscript in preparation].