According to a fresh study from River, the United States is confidently strengthening its position as a major player in the Bitcoin market. Today, the US accounts for more than 79% of the global volume of assets placed in spot Bitcoin ETFs, which indicates high investor involvement and trust in the local legal system.
In addition to institutional investors, the population is also showing interest in cryptocurrency: more than 40% of Americans under 40 have already invested in Bitcoin or used it as a means of payment. Among small businesses, 29% are interested in payments in the first cryptocurrency and consider it a tool for protecting against financial risks.
The United States also plays a significant role in the field of mining: American companies control over 38% of the world's hash rate of the Bitcoin network. This provides the country with a stable infrastructure base for further growth and technological dominance in the sector.
Amid the rapid development of the ecosystem, the United States also remains a leader in venture capital investments: the country accounts for about 70% of all global investments in bitcoin startups. This influx of capital contributes to the accelerated growth of innovation and the expansion of cryptocurrency applications.
At the political level, support for bitcoin is also noticeable. According to the River report, 59% of senators and 66% of members of Congress have a positive attitude towards bitcoin. Already 36 states have laws related to the regulation and use of the first cryptocurrency.
It is noteworthy that in May, Arizona became the second state in the United States, after New Hampshire, to adopt a law on the formation of a crypto reserve. However, not all initiatives are completed successfully. For example, in Florida, discussions of two bills providing for investment of public funds in bitcoin were terminated. Similar attempts to create crypto reserves have failed in a number of other states, including Oklahoma, Montana, Pennsylvania, North and South Dakota, and Wyoming.
Overall, the combination of economic, technological, and political factors is making the United States the central hub for the development and promotion of Bitcoin on the global stage.