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Bitcoin (BTC<\/a>)\u00a0number go up technology\u00a0is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency, according to a Coinbase research piece carried out by Qualtrics.<\/p>\n The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend to increase their holdings over the next 12 months. <\/p>\n For Danny Scott, CEO of the United Kingdom’s leading Bitcoin exchange, CoinCorner, the statistics “seem incredibly high.” Scott suggested that “we’re seeing a quiet period from the retail market right now,” adding that “when the price settles, so does the interest from newbies.”<\/p>\n \u00a0“Without knowing the source for this, I’d hazard a guess the survey size was small and fell luckily in the direction of more adoption than the reality.”<\/p><\/blockquote>\n Statistics from Statista suggest<\/a> that crypto ownership in the United Kingdom is much lower\u2014around the 7% mark,\u00a0whereas previous Cointelegraph reporting suggested that U.K. crypto ownership was under 10%.\u00a0<\/a><\/p>\n For Scott, “rather than look at this in a negative way, we should see this as an opportunity to take a breather and build out the infrastructure for the next wave, as we all know the industry continues to operate in the cycles.” Indeed, Bitcoin recently crossed the halfway point on the way to its next halving.<\/a><\/p>\n The Coinbase report also highlighted that Bitcoin is the king of crypto among U.K. consumers as it is the most commonly owned cryptocurrency. Ethereum (ETH<\/a>) is held by 52% of those surveyed with Dogecoin (DOGE<\/a>) and Binance Coin (BNB<\/a>) at 34% and 33%, respectively.<\/p>\n In the United Kingdom, it’s not just the retail market that\u2019s interested in crypto: Her Majesty\u2019s Treasury also appears to be sticking through\u00a0sluggish Bitcoin price action<\/a>. HM Treasury\u2019s decision to create a royal NFT by the summer caught the crypto community\u2019s attention in April<\/a>\u00a0amid discussion surrounding stablecoin regulation in the U.K. <\/a><\/p>\n Chancellor @RishiSunak<\/a> has asked @RoyalMintUK<\/a> to create an NFT to be issued by the summer.<\/p>\n This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. pic.twitter.com\/cd0tiailBK<\/a><\/p>\n \u2014 HM Treasury (@hmtreasury) April 4, 2022<\/a><\/p><\/blockquote>\n A Coinbase spokesperson told Cointelegraph that the population of 67 million Brits creates a \u201cleading European hub of crypto investment,\u201d highlight that there is a growing proportion of people engaging with these assets.<\/p>\n “Recent survey work suggests that the adoption trend may continue, with many sharing ambitions to expand the size and diversification of their portfolios.”<\/p><\/blockquote>\n Adding a note of caution, the spokesperson suggested that \u201cit is clear that there is more work to be done around boosting understanding and awareness of these assets.\u201d An experienced Financial Conduct Authority (FCA) employee recently took up a post at the digital assets department\u00a0to support the government\u2019s \u201cvision for crypto.\u201d<\/a><\/p>\n For Coincorner, it’s about “actual real-world, everyday use case, rather than focus on customers who want to speculate on hundreds of different cryptocurrencies that don’t offer anything of real world use.”<\/p>\n Related:\u00a0Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house<\/a><\/em><\/strong><\/p>\n Cointelegraph has compiled an analysis of changes to the U.K.\u2019s financial and crypto landscape in light of the recent changes to the FCA\u2019s crypto stance. <\/a><\/p>\n<\/div>\n\n