This can be very much unfair to compare the United State to the countries, surly bitcoin and crypto are much more known in the US and most of the old developers and legacy miners were from the US, so that's completely normal to see the adoption is starting on the US before than the other countries because many countries are still investigating about bitcoin and cryptocurrencies and they do not have any information about it. However, I believe there are still some countries leading before the US.
Topic: United state 🇺🇸 take the lead in global Bitcoin adoption 2021 - page 3. (Read 369 times)
September 20, 2021, 03:10:42 PM
September 20, 2021, 10:23:23 AM
South american countries are coming with big news these days this move will definitely pull the price of BTC and that's how popularity grows day by day especially Elsalvador and Paraguay might be the next one to make it legal, Country like America has been a big pillar when it comes to crypto currency followed by the european countries, The only major concern in my opinion is Asian countries who has to come up with big decision and make people benefit from then we can see the actual adoption rate across the globe.
September 20, 2021, 09:55:36 AM
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? 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.
September 20, 2021, 06:09:01 AM
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 true that when you look at the crypto ATM number, companies like Coinbase, PayPal, GrayScale or MicroStrategy are all in the US - but it's still the most powerful country in the world, and it's logical that big money attracts even more money. However, for those who are not familiar with the current situation when it comes to cryptocurrency in the US, I suggest you definitely read this thread. If they manage to do what they plan, things will get pretty complicated for the average Joe.
September 20, 2021, 06:06:25 AM
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.
Thats true and the United States is one of the leading countries in the world that has been very active in crypto developments, partly in the field of cryptocurrency adoption and usability, In fact, in the US alone the Bitcoin ATM's are growing in numbers and scattered across the country, that's why I believe in the coming years the United States will lead the world in terms of cryptocurrency use and development. And I hope soon the Government will come up with a regulation that will supervise all of the cryptocurrency-related developments so that everything will be in balance.
September 20, 2021, 05:37:38 AM
Well Bitcoin ATM may be a good criterion for measuring Bitcoin adoption as its records will help show how well the citizens use it, its transaction will amount to a high degree the success of the campaign for crypto adoptions, the United States has always been on the lead with countries like El Salvador installing 205 Bitcoin ATMs.
September 19, 2021, 11:53:14 PM
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.
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.
September 19, 2021, 11:42:19 PM
One more important indicator is using of Bitcoin by different companies and offer of crypto services by leading banks. We see that many US banks have already offered different services connected with it. For example, Bank of America has organised the analytical department for crypto. What comes to ATMs, there is not any of them in my country, unfortunately. But I hope that authorities will notice its popularity one day and will also start adoption of crypto.
September 19, 2021, 09:39:32 PM
I would say that the adoption is still in progress and needs more time to reach more people. Bitcoin itself in some countries is not yet used as a legal tender and still needs approval from the government and hopefully, this year or next year could be a good time to see bitcoin will become a legal tender. But the USA needs more time to lead the bitcoin adoption for more, which is happening to the other countries. And based on @oktana reply, we can see the bitcoin ATM installed in many countries but it needs more attention from people in that countries to know more about bitcoin.
September 19, 2021, 09:36:01 PM
Coinbase is one of the companies leading the adoption on the internet which is also based in US. More developers of cryptocurrencies are from the US too and most are successful in some ways.
But they are not making BTC as legal tender though. It may mean they have lots of crypto users in the country but BTC is more adopted to somewhere else like El Salvador.
September 19, 2021, 09:22:25 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.
We already know bitcoin's total supply posession is dominated by united states which means this country has the larget cryptocurrency comunity and also the owner. Crypto growth in united states is really fast and this country has large populations make this country crypto space more and more dominant.
In some case this is good because it promoting crypto around the world, US is the nest of top rich people in the world, if they promote people i'm sure the world will see and haaving a good impact for crypto but vice versa
September 19, 2021, 08:03:53 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.
So gauging US adoption in terms of the numbers of Bitcoin ATM around the country? I think that's not a good measurement, in my opinion. And as far as Bitcoin goes, I will say that US is still in the grey area and there's no regulation that will say that they are crypto friendly. Yes, the numbers don't like but it doesn't mean anything. We need regulatory framework at least to say that US is indeed taking the global lead.
September 19, 2021, 07:59:08 PM
Don't you think it's unfair comparing the "United States" to other Countries?. I mean, one state alone can be bigger than 1 country in Europe or Countries in the rest of the world. Personally, I find this kind of comparison indeterminate and unnecessary.
September 19, 2021, 07:17:24 PM
United State is doing well as it has more than 10x than the next country in the lead.
However, it's not just the number of Bitcoin ATM machines in the United State but that of the whole world.
There are Bitcoin ATM machines in approximately 80 countries in the world, and that is more than half of the total number of independent countries.
Eventually, Bitcoin adoption will spread like wild fire and one day, countries will compete in count of Bitcoin usage.
However, it's not just the number of Bitcoin ATM machines in the United State but that of the whole world.
There are Bitcoin ATM machines in approximately 80 countries in the world, and that is more than half of the total number of independent countries.
Eventually, Bitcoin adoption will spread like wild fire and one day, countries will compete in count of Bitcoin usage.
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.
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