Cryptocurrencies are here to stay. Following the launch of Bitcoin in 2009, thousands of cryptocurrencies have emerged. While some of these have failed miserably, others have established themselves and have grown steadily. Even if the hype has subsided since the peaks of the winter of 2017-2018, the technology itself is still evolving and will continue to do so.
Due to the high-tech nature of cryptocurrencies, it is important to understand this technology.
Would you like to know more about cryptocurrencies? Maybe with a clear explanation of how they are different and which one you should invest in? Then welcome to CryptoRunner, a leading cryptocurrency comparison site.
The comparison site CryptoRunner
Cryptorunner.com explains everything you need to know about digital currencies, the future of money. Their goal is to help both newbies and experienced investors to save and make money with virtual currencies by providing well-researched articles about cryptos.
They are dedicated to provide the most relevant information about what is happening in the cryptocurrency ecosystem. As a result, CryptoRunner is expanding as tens of thousands visitors from around the world, including the United States visit this site on a monthly basis in order to stay up to date on everything crypto.
Cryptocurrencies in the U.S. Market
When it comes to cryptocurrencies, the U.S. remains a global leader despite regulatory uncertainties and the impending infrastructure bills that could impact the blockchain economy.
According to a survey involving around 2,000 participants, the popularity of the term cryptocurrency in the US continues to grow. Over 70% of Americans have already heard of Bitcoin. Among these, some have expressed a desire to diversify their investment portfolio by including digital currencies, while others are thrilled by the idea of a cryptocurrency being used as a world currency, or have liked the absence of high transaction fees.
Notably, in 2020, BTC trading volume in the United States exceeded the sum of Europe, Nigeria, and China. In the same year, Americans posted a realized profit of $4.1 billion in cryptocurrency transactions, far exceeding other countries.
Bitcoin ATMs in the United States
It is also worthy of note that the United States is the world leader in the number of Bitcoin ATMs installed, accounting for 86.4% of the total number of installed Bitcoin ATMs.
The survey aggregates points based on the installation status of virtual currency ATMs such as Google search related to virtual currency and Bitcoin and the number of blockchain-related bills passed in each state. California ranked first in the number of Google searches and crypto ATMs per 100,000 people. The state does not have a bill specifically for cryptocurrencies, but these positive factors have offset it.
Meanwhile, in New York, eight crypto-related bills have been passed, but the number of crypto ATMs installed is 33. New Jersey has the highest number of ATMs installed per 10,000 square miles and the third-highest number of searches per 100,000 people. Texas and Florida also has a high score in terms of ATMs and overall searches.
With the increase in the adoption of cryptocurrencies, regulators and lawmakers in various countries around the world are trying to establish new legislation to regulate virtual currencies and the blockchain technology, on which they are based. To date, over 70% of US states have already enacted regulations on the matter.