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Author Topic: United state 🇺🇸 take the lead in global Bitcoin adoption 2021  (Read 369 times)
TimeTeller
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September 20, 2021, 08:52:13 PM
 #21

The number of ATMs doesn't matter, what matters is the usage, and for that, we don't have any numbers.
For example, a few years ago a tobacco shop network in France started selling Bitcoins, it had 5200 shops, which would have put them at that point over double the numbers of US ATMs.

This aside, the US can't take the lead as despite every single piece of news about China, Japan, Nigeria, Venezuela, or Malta or god knows what country was labeled as Bitcoin's new capital the US has always been in the lead when it comes to real-life usage and to the numbers of bitcoin owners. You can see that everything from ATMs, nodes, LN nodes, shops, companies, investment funds, jobs in cryptocurrencies, everything is concentrated in the US, China dominated for a while with the hashrate and the fake volume exchanges okchina and huobi did, now it is left with zero.
Poeple might not like it but the US is a clear leader right now, and Salvador won't change a thing, a country with 1/40 of the GDP of California doens't matter n a global scale.

This is very true. Even if US is not like El Salvador (wherein, they are the first country to accept bitcoin as legal tender), still their market is small as compared to US.
However, the move of El Salvador is also important as it may change the perception of many users across the globe.
That it is possible for the government to accept bitcoin as legal tender along with their local fiat money.
It can drive other users to more adoption as they change their perspectives towards crypto usage.
Many, I believe, will be inspired to take a look at bitcoin because of their government's initiative.
But of course, we can't deny the fact that US is leading the pack. The 2020 statistics shows they have the highest btc trading volume according to statista.
Now, would be interesting to see by next year if El Salvador will be included in this graphical representation.

https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/

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September 20, 2021, 10:51:50 PM
 #22

As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.

USA is a very large and very rich country where the young population tends to be more inclined to use technology, it is clear that this advantage they have was expected and there is no way to compare with other countries in the world where some of them do not even phone network work right. to be installed these bitcoin ATMs in many countries need approval from the central bank and a lot of bureaucracy, which makes it very difficult for anyone to install in these countries where bureaucracy suffocate the business

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September 20, 2021, 11:46:26 PM
 #23

As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.
it's a natural thing if America takes any steps against bitcoin.  because now America has become one of the largest countries to adopt bitcoin.  besides that America is also influential and has a lot of effects on the crypto market.  so do not be surprised if America implements this step.  Bitcoin ATMs are increasing, it is balanced with the large population of people in America

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September 21, 2021, 04:39:27 AM
 #24

What are the countries that you think are ahead of the US?
Generally countries that started legalizing and properly regulating bitcoin economy (that includes traders, exchanges and merchants) a long time ago with reasonable rules. Most of them are countries that don't have US-like anti-privacy laws. Many of the developing countries are in that list.
Additionally US view toward bitcoin is an asset-like view while others have been treating it as both an asset and a currency. So they are far ahead already in that front.

This is hugely inaccurate, it also doesn't show "adoption" (this topic) it only shows trading volume.

Because it is not considering the entire market, many countries don't have their own established exchanges so their traders usually take place peer to peer which don't show up on any statistics. Like China, one of the biggest markets.
Additionally when many people from other countries go to certain exchanges located in certain places to trade THEIR volume is counted as THAT COUNTRY's volume which is obviously wrong.

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September 21, 2021, 10:15:39 AM
 #25

Poeple might not like it but the US is a clear leader right now, and Salvador won't change a thing, a country with 1/40 of the GDP of California doens't matter n a global scale.

I would not agree that the El Salvador case will not change anything, but it has actually changed a lot just by the fact that Bitcoin is recognized as a legal tender in that country, which regardless of the country's economic status can be a very good example for other similar countries. In addition, people forget that one of the main reasons for declaring BTC a legal tender in El Salvador came as a result of the large number of their citizens living in the US (about 2+ million), and they send over $6 billion a year to homeland.

It is unknown to most that the El Salvador government has set up 50 Chivo ATMs in 10 US locations so far, and it remains to be seen how they will be used - one thing is for sure, no one in the US has rebelled against it.

El Salvador has brought its Chivo bitcoin ATMs to several U.S. cities, a move aimed at making it easier and cheaper to send remittances abroad to friends and family in the Central American country.

El Salvador now counts 50 of the commission-free Chivo ATMs in 10 U.S. locations where local legislation permits them, President Nayib Bukele said in a series of Sept. 13 tweets. They include: Los Angeles and San Francisco, California; Dallas, El Paso, Houston, Laredo and McAllen, Texas; Doral, Florida; Atlanta, Georgia and Chicago, Ill. The Chivo map also shows two locations in Columbus, Ohio.

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September 21, 2021, 04:00:10 PM
 #26

First of all the number of bitcoin ATMs is not a metric to measure bitcoin adoption with. How much they are used and by how many people is, and that's not something you can measure.

Secondly the number of bitcoin ATMs should be measured per population not the raw count. A country with 10 million population having a 1000 ATMs has a lot more per population than a country with 300 million having the same 1000 ATMs for example.

And finally it is too late for US to take the lead, there are at least 6 other countries that are so far ahead of US in terms of bitcoin adoption.
Even measuring their usage would not be accurate because there will be cultural differences. In poorer countries you see people being more suspicious of fiat atms because they are often tampered with but western countries are living primarily on credit cards. Then western countries are going to have more atm installations because they can afford them if you have checked the price of installing and operating these atms they are not cheap.  What are the countries that you think are ahead of the US?

It is quite unfair to compare United States to these poor countries, but statistically speaking, it is true that the US holds majority of the adoption this year, I guess that is how knowledgeable everyone is about Bitcoin and cryptocurrency, but with the continuous trend of Bitcoin, more and more countries and their citizens are likely to invest in Bitcoin as well, BUT, you can't really compare a powerhouse country like US to other countries, esp. to those countries who aren't even on par with US.
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September 21, 2021, 04:31:12 PM
 #27

California ranks first in Google searches related to crypto per 100,000 and in the number of crypto ATMs. These positive factors offset the state's lack of crypto-focused legislation.
By comparison, New York has passed eight crypto-focused bills but ranks 33rd in terms of crypto ATM installations. New Jersey has the highest number of crypto ATM installations per 10,000 square miles and scores the third highest score for searches per 100,000 people. Texas and Florida also score well with respect to ATMs and search overall.
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September 22, 2021, 11:19:48 AM
 #28

Some countries within the United States have accepted bitcoin as a legal tender and the number of Bitcoin ATMs has increased with those countries which go a long way to show the level of bitcoin adoption and legislative policy formulation. I have always known the united states to be the most crypto-friendly in terms of policy and activities.

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September 22, 2021, 12:00:17 PM
 #29

California ranks first in Google searches related to crypto per 100,000 and in the number of crypto ATMs. These positive factors offset the state's lack of crypto-focused legislation.
By comparison, New York has passed eight crypto-focused bills but ranks 33rd in terms of crypto ATM installations. New Jersey has the highest number of crypto ATM installations per 10,000 square miles and scores the third highest score for searches per 100,000 people. Texas and Florida also score well with respect to ATMs and search overall.
I don't understand what you're trying to say about California to lack of crypto-focused legislation because the last time I checked it was one of the states in the US to legalized Bitcoin and other cryptocurrencies though not as legal tender.

With that been said, I don't know how you guys especially the OP does your stats about global Bitcoin adoption cause the US is currently not the leading country though it has the highest number of Bitcoin ATMs.

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September 22, 2021, 01:32:32 PM
 #30

One of the reasons for the US's readiness to adopt this digital currency is that it has 17,436 crypto automated teller machines (ATMs). Every single crypto ATM is used by 19,023 people. US law also permits the ownership of cryptocurrencies and their use in banks. As a result, searches for cryptocurrencies have increased by 140% in the last year. But El Salvador has become a country that has adopted bitcoin.
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September 22, 2021, 02:01:57 PM
 #31

As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.
With the existence of ATMs and legal policies against bitcoin, the greater the potential for bitcoin to gain a strategic position in the US. this can be a natural thing if the US becomes one of the largest global bitcoin adoptions in the world. because this ATM approval policy is usually with government support and official legality.
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September 25, 2021, 06:57:41 AM
 #32

As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.
With the existence of ATMs and legal policies against bitcoin, the greater the potential for bitcoin to gain a strategic position in the US. this can be a natural thing if the US becomes one of the largest global bitcoin adoptions in the world. because this ATM approval policy is usually with government support and official legality.
The United States has always maintained a flexible stance when it comes to cryptocurrency as they have constantly formulated policies that help regulate its activities, unlike china you have a strong hatred for cryptocurrency in the domain with the constant ban. The number of bitcoin ATMs in the United States is in their thousands which has shown to a great extent how the adoption of Bitcoin is growing in that continent.
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September 25, 2021, 01:30:42 PM
 #33

I think El Salvador is the best Bitcoin adoption country right now. They have a small population but already have a policy to apply legal payments with Bitcoin. In the long run, people will choose Bitcoin as a regular means of payment. This will increase Bitcoin adoption rate.
Although the US has many ATMs, Bitcoin is still not considered a legal means of payment like the dollar and Bitcoin users still make up a small percentage of the entire population.
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September 25, 2021, 10:09:59 PM
 #34

Since there are so many investors who investing in cryptocurrency related business then it will be good if the government create good regulations and even government can earn more tax. I personally don't like tax, my country is very rich with resources, government who exploits it should have enough income from it. But it is okay if it's for big company. Some people in USA who buy bitcoin are getting rich and some are not because I those those who suffering financial loss are investing without strategy just based on luck which mean gambling. I think some people who buy and adopt bitcoin in USA because they want to use it when they retire from their job, so it is wise decision.

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September 25, 2021, 11:01:02 PM
 #35

I have realized that the most outstanding events in relation to bitcoin since its inception have occurred in the USA.

It is normal to see in the nation that there are schools and universities that teach about bitcoin, blockchain and cryptocurrencies for some time. If we make a comparison with other countries, the USA could lead among the countries towards mass adoption.

Also the move of bitcoin mining to the United States is a great advantage of having it in a nation that respects rights and freedom.

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September 25, 2021, 11:04:40 PM
 #36

I think El Salvador is the best Bitcoin adoption country right now. They have a small population but already have a policy to apply legal payments with Bitcoin. In the long run, people will choose Bitcoin as a regular means of payment. This will increase Bitcoin adoption rate.
Although the US has many ATMs, Bitcoin is still not considered a legal means of payment like the dollar and Bitcoin users still make up a small percentage of the entire population.
Yes. US may have the bigger population when it comes to crypto users but never has the government adopt bitcoin as a legal tender and still majority are the dollar earners and users. For me, El Salvador even takes the lead in global bitcoin adoption. Although this nation has a lesser population compared to US but its own president has the first initiative to propose a bill making bitcoin as a legal tender. And now, when other countries saw that it was a success even though there were some circumstances that had took place on its first months, start to see bitcoin too which has potentials to be a good currency that will bring progress to the country's economy.

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September 25, 2021, 11:56:14 PM
 #37

one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.
As far as I know, USA is already a long time leading the number of Bitcoin ATMs. It may be many developers focus on improving the number of Bitcoin ATMs there, considering it will be more useful to spread in USA and it is legal already. While in the other countries, the Bitcoin ATMs are probably still useless. One of the reasons, in some countries, Bitcoin cannot be used as a payment tool, just a digital asset. If people only use for a digital asset, it is not urgent to have Bitcoin ATMs.

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September 26, 2021, 12:05:19 AM
 #38

As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.

I've known for a long time that US leads the global bitcoin and crypto usage and adoption because my country happens to be the next in line in that ranking. The fascinating thing about this stats is the fact that US happens to be one of the most regulated country for crypto and they take regulations and cryoto tax very seriously. Good to see people are abiding to those rules and still going big on crypto.

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Gyfts
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September 26, 2021, 02:17:28 AM
 #39

Wait till they start regulating Bitcoin even more than they already are. Folks will dump Bitcoin fast and look to other investment opportunities because the US government will tax the hell out if crypto. Mark my words, it’s coming. China will follow.

I don’t think they’ll be successful, they can try though  Grin
Wendy Simth
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September 26, 2021, 06:46:32 AM
 #40

This only shows that the United States is friendly to bitcoin and supports the development of cryptocurrency. The United States is a little inferior to El Salvador in setting the country's legal tender as bitcoin.
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