The exponential growth of cryptocurrency globally, specifically in US States, has increased its popularity both as an investment tool as well as a technology. This has led to increasing requirement of the infrastructure support to use blockchain technology. Top US States has invested heavily not only in the cryptocurrency but have shown more faith in the technology. The technology carrying a potential to revolutionize the current world.
Current cryptocurrency prices represent astronomical increases over the last year, and even more so over the lifetime of these currencies. The rise of cryptocurrencies has made many millionaires and billionaires, more digitally then fiat. Many holders of cryptocurrencies have no immediate interest in using them as currency, but rather as a technological advancement in any particular industry. While Bitcoin is only one currency among many, it also has the most highly developed infrastructure and widest acceptance by vendors in the real world. In one of my previous post, I have talked about how blockchain is face-lifting the gaming industry.
RewardExpert has released the ranking of the Top States Where Cryptocurrency is Catching On. The report quantifies both the levels of interest in cryptocurrencies throughout the nation, and an analysis on which states provide the infrastructure of using them as actual currency.
The leading states showing interest in usage of cryptocurrency includes California, New York, New Jersey, Washington and Alaska. States such as California and New York which are the global as well as American major tech & financial hubs has topped the ranks because of the high awareness and aggressive growth in acceptance of the new technology. However, these states are not highly equiped for using Bitcoin or other cryptocurrencies. Only Washington has the most Bitcoin ATMs per capita as compared with any other states.
Top Ten States with Most Combined Interest and Infrastructure
1. New York
3. Washington, D.C.
8. New Hampshire
Complete Report Link – https://www.rewardexpert.com/blog/studies/top-states-where-cryptocurrency-is-catching-on/
Research Methodology: RewardExpert analyzed Google Trends search engine traffic data for five keywords: “cryptocurrency”, “bitcoin”, “ethereum”, “ripple”, and “litecoin”, over the 90 day period from January 15, 2018 to April 15, 2018 at the state level and computed a weighted average of these terms for each state and ranked the states accordingly.