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

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Quote from: Gyfts on September 25, 2021, 09:17:28 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.

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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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.

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Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 08:30:42 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.

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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.

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Quote from: LimLims on September 26, 2021, 09:03:06 PM

Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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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.

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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Quote from: worle1bm on September 26, 2021, 01:55:50 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, 04:52:59 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, 04:52:59 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, 02:20:08 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.

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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Quote from: Viscore on September 25, 2021, 06:04:40 PM

Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 08:30:42 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.

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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.

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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

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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Quote from: (o)(o)ilikeboobs(o)(o) on September 25, 2021, 08:30:42 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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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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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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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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Quote from: Pom_bensin on September 22, 2021, 09:01:57 AM

Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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.

Dhoe

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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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Quote from: uneps on September 21, 2021, 11:31:12 AM

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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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.

uneps

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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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Quote from: Zedpastin on September 20, 2021, 08:55:36 AM

Quote from: pooya87 on September 19, 2021, 10:53:14 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.

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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Quote from: stompix on September 20, 2021, 03:01:16 PM

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.

Quote from: https://www.theblockcrypto.com/linked/117826/el-salvador-brings-chivo-atms-to-the-us

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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Quote from: Zedpastin on September 20, 2021, 08:55:36 AM

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.

Quote from: TimeTeller on September 20, 2021, 03:52:13 PM

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

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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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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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Quote from: stompix on September 20, 2021, 03:01:16 PM

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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Quote from: oktana on September 19, 2021, 06:17:24 PM

Eventually, Bitcoin adoption will spread like wild fire and one day, countries will compete in count of Bitcoin usage.

That is the optimism sometimes you wish you see around in this forum Grin

Anyway, thinking and looking at the future potential of Bitcoin we can extrapolate that it is inevitable for its adoption to not expand at an extraordinary rate.

Countries will start competing for attention in the space, and people will soon be accepting crypto because its technology is so pervasive and is becoming even more so.

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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.

Kasabus

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Quote from: 20kevin20 on September 20, 2021, 02:42:23 PM

Measuring adoption by the number of ATMs in a country is equal to measuring adoption by the number of new addresses on the blockchain. It's nonsense and helps exactly zero % measuring it.

It's still not a guarantee just by measuring the number of bitcoin atm machines, and yet the government has not even regulated bitcoin and even the citizens are not even crypto friendly i think. I would rather say that it's El Salvador because its the first nation to accept bitcoin as a legal tender and its citizens are now starting to utilize bitcoin as what it supposed to be a currency.

However, most of the developers in crypto are US based but when we talk of countries leading global adoption and making it widely spread this year, it might be some other countries like Japan and EL Salvador.

20kevin20

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Measuring adoption by the number of ATMs in a country is equal to measuring adoption by the number of new addresses on the blockchain. It's nonsense and helps exactly zero % measuring it.

OddEvenBets.com

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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 can't wait to see what will happen after the crisis in China. USA will get new horizons.

Leviathan.007

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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.

kentrolla

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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.

Zedpastin

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Quote from: pooya87 on September 19, 2021, 10:53:14 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.

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?

Lucius

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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.

masterrex

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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.

RILWAN

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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.

pooya87

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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.

magnum1010

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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.

michellee

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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.

bittraffic

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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.

sirminesalot

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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

Kemarit

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Quote from: BIN-BIN on September 19, 2021, 02:55:24 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.

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.

Bitcoin_Arena

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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.

oktana

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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.

BIN-BIN

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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.

Topic: United state 🇺🇸 take the lead in global Bitcoin adoption 2021 (Read 424 times)