United state 🇺🇸 take the lead in global Bitcoin adoption 2021

Gyfts

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Quote from: Gyfts on September 25, 2021, 10:17:28 PM

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

China will not follow. The United States recognizes the legitimacy of cryptocurrency. On the contrary, China wants to prohibit it. What a stupid decision

Well they do recognize the legitimacy of cryptocurrency, only to tax it into the ground, or regulate it and curtail its growth. Do you believe the greedy politicians in the US appreciate an alternate currency that competes with USD? Or do you believe they recognize BTC for its merits as an asset, only with intent to generate income from it? A USD competitor is bad for the US no matter how many "pro-crypto" politicians there are. If you're a US politician, there is no supporting both.

retreat

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Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

The US has become quite a bitcoin-friendly country but for adoption there I'm not sure there will be. surely the number of bitcoin ATMs there will continue to increase because US citizens have quite accepted the presence of Bitcoin.

romero121

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United States used to lead the market in all levels. Cryptocurrency market too isn't an exception, because in all means United States used to stay advanced. As cryptocurrency is all associated with technology, United States stands at the top. When we talk of adoption, the government hasn't took anything against the usage like many countries around the globe. This too is a prime reason for increasing adoption in my understanding.

MrcMrc

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Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 09:30:42 AM

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.

The United States has become the pioneer of Bitcoin and crypto adoption, with El Salvador legalizing Bitcoin and making an airdrop of $30 in Bitcoin, and rolling out thousands of Bitcoin ATMs.

Gyfts

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I'm afraid much of the adoption for the fine folks in the US are just Robinhood traders that buy BTC as a get rich scheme, and see no inherent value in BTC as a currency. But set that aside - you really think the US will lead the way towards adoption when the government wants to wrap its greedy hands on every Bitcoin transaction, and force a tax on large trades (or any currency conversion, for that matter.) The US will try hard to make sure USD doesn't fall to crypto by regulating it into pieces, and that'll send the newbie traders away.

BIN-BIN

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Am with you on this, a good number of countries are interested in Bitcoin adoption but their major challenge is the decentralized nature of Bitcoin because there is no way for way to regulate or control its performance. But again I think the government can work their way around Bitcoin if they truly want to take advantage of the many possibilities in the bitcoin eco system.

Finestream

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Quote from: LimLims on September 26, 2021, 10:03:06 PM

Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

Comparing US and with other countries is totally worthless and not necessary.
But yes we need to really respect and support them for the massive contribution to the Bitcoins community.
Moreover more counties would have already adapted the Bitcoins ecosystem, but they are bounded to do so due to the decentralised nature of BTC .
Let’s wish that more and more countries supports Bitcoins in the near future, and we will be able to see more people showing interest in Bitcoins.

There are already good number of countries today who are seeing bitcoin as a promising currency and yet, it won't be easy to adopt it as a legal tender because most of the government are still making restrictions on bitcoin knowing it will be a threat to their own monetary currency. And indeed US has found to have lots of ATM bitcoin machines but it won't be enough to measure that its taking the lead in global adoption.

However, there are even countries today who has only less installed machines but you can see that the citizens have become user friendly and is really taking it as an edge towards other countries that are not even regulating crypto. Instead of US, it must be El Salvador i think which is more transparent to crypto and is more open to every opportunities that bitcoin may bring not just as a currency but maybe as a tool for investment too.

southerngentuk

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It is also understandable that when the need for use is there, it is necessary to provide it. Personally, I have no judgment on this, just feel that people's access to this market is increasing. And I think we're here with this field looking for coherence rather than independence that's free from being one-on-one and not providing useful value to all.

LimLims

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Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

Comparing US and with other countries is totally worthless and not necessary.
But yes we need to really respect and support them for the massive contribution to the Bitcoins community.
Moreover more counties would have already adapted the Bitcoins ecosystem, but they are bounded to do so due to the decentralised nature of BTC .
Let’s wish that more and more countries supports Bitcoins in the near future, and we will be able to see more people showing interest in Bitcoins.

Wawa2013

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Quote from: worle1bm on September 26, 2021, 02:55:50 AM

Not only US but other countries are also on the same path to adopt bitcoin like making regulations and making it legal tender similar to El Salvador and that's what could be beneficial for bitcoin as ATM installation is minor way of monitoring the growth.There are thousands of installed in US but some other countries have vast bitcoin users so who will you say more crypto friendly? But still hope to see many positive news around the corner for btc.

Since the price of Bitcoin reached ATH this year, it was enough to convince several countries to start adopting Bitcoin. Although there are still countries
that prohibit their citizens from owning Bitcoin, but the number is decreasing. So not only the US has adopted Bitcoin, but I admit that the US is one of
the countries that has started to adopt Bitcoin from the beginning. Moreover, with the large number of Bitcoin ATM machines in the US, this is
a positive thing to increase public awareness of Bitcoin. While it would be better to follow what the country of El Salvador is doing, it looks more
crypto-friendly.

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Quote from: Zedpastin on September 26, 2021, 05:52:59 PM

This is not proof this is speculation by specialists instead of data that we can verify. They have made a fancy graph without backing up their claims and providing the article that you gave has not solidified the claims any more than the OP was claiming. I want to see actual data and how they conducted the survey to get these results.

The article has a link to the original source of the study: The 25 Countries Most Prepared For A Cryptocurrency Takeover.
At the end of the study you can check their "Methodology". That is all I could find and since one of the items of the study is "predicted 2025 search volume", you are right by pointing out it has a speculative characteristic.

Quote from: Zedpastin on September 26, 2021, 05:52:59 PM

I am not claiming that the US is not leading the race but I have my doubts in the survey that is in chart form here because I would expect other major countries to be higher on the list. The USA being a large country is going to be one of the highest and because the US does not have the problems that the middle east have they will have better access to the internet etc and they will always be high on the list but I would expect China to be higher before the bans that were announced.

I think China couldn't be on this list because officially they have always been very hostile towards bitcoin besides being a very closed, restrictive country. It wouldn't make sense if they were leading global adoption. Moreover, chinese citizens have to use VPN to access the internet and deal with crypto currencies, so it would be really hard for the study to collect legit crypto uptake and crypto search volume data from users living on that country.

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Quote from: uneng on September 26, 2021, 03:20:08 PM

You should have posted a link to back your claim, like this one for an example:

The US leads countries ready for widespread crypto adoption

Not that USA is leading global bitcoin adoption, but it's more likely USA will lead global bitcoin adoption due to some factors observed by specialists, like the one you mentioned about they having more ATMs per citizen than another countries. Another factor is that bitcoin uptake by americans is above average when compared to another countries. And of course, they have decent internet connection probably disponible for its whole territory, what makes the process of dealing with bitcoin a lot easier.

This is not proof this is speculation by specialists instead of data that we can verify. They have made a fancy graph without backing up their claims and providing the article that you gave has not solidified the claims any more than the OP was claiming. I want to see actual data and how they conducted the survey to get these results. I am not claiming that the US is not leading the race but I have my doubts in the survey that is in chart form here because I would expect other major countries to be higher on the list. The USA being a large country is going to be one of the highest and because the US does not have the problems that the middle east have they will have better access to the internet etc and they will always be high on the list but I would expect China to be higher before the bans that were announced.

uneng

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Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

You should have posted a link to back your claim, like this one for an example:

The US leads countries ready for widespread crypto adoption

Not that USA is leading global bitcoin adoption, but it's more likely USA will lead global bitcoin adoption due to some factors observed by specialists, like the one you mentioned about they having more ATMs per citizen than another countries. Another factor is that bitcoin uptake by americans is above average when compared to another countries. And of course, they have decent internet connection probably disponible for its whole territory, what makes the process of dealing with bitcoin a lot easier.

(o)(o)ilikeboobs(o)(o)

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Quote from: Viscore on September 25, 2021, 07:04:40 PM

Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 09:30:42 AM

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.

El Salvador is also a country that creates an effect for other countries that have policies with cryptocurrencies. Laos and Russia accept Bitcoin mining as legal hop activity. Ukraine is the second country to consider Bitcoin as a legal means of payment. Those things are great.

worle1bm

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Not only US but other countries are also on the same path to adopt bitcoin like making regulations and making it legal tender similar to El Salvador and that's what could be beneficial for bitcoin as ATM installation is minor way of monitoring the growth.There are thousands of installed in US but some other countries have vast bitcoin users so who will you say more crypto friendly? But still hope to see many positive news around the corner for btc.

Wendy Simth

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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.

Gyfts

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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

nelson4lov

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Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

Luqman

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Quote from: BIN-BIN on September 19, 2021, 03:55:24 PM

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.

Viscore

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Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 09:30:42 AM

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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