Which counties are holding Bitcoin? The Top 10
The world is full of Bitcoin holders, but which countries are holding the most? This might not seem important, but it is in fact very important. In order to see Bitcoin flow in the future, we need to see which areas are seeing Bitcoin as long term investment. Those who are spending it more quickly are most likely to see adoption as the future for cryptocurrency. This countries are using Bitcoin as a currency and not as an investment asset.
Instead of check out where Bitcoin will be most successful as currency, we need to workout which countries are adopting it.
Top 10 Bitcoin ‘hodling’ countries
According to Usethebitcoin.com, the top 10 Bitcoin ‘hodling’ countries are as follows;
- The United States
- The Czech Republic
- South Korea
You’re probably surprised by some of these countries, right? USA, Japan, Switzerland and South Korea hardly come as a surprise. We already know that adoption will work in these countries. Anyway they are holding in masse, simply because they have a huge population of cryptocurrency investors too.
The likes of Romania, the Czech Republic, Poland, Spain and Turkey may come as a surprise, though as (mostly) European countries, we already know that the stance in Europe is generally quite positive. Therefore it is expected that a number of countries in the continent will be holding Bitcoin in huge amounts. Just because Bitcoin seems to be more attractive as an investment in these countries, it doesn’t mean adoption isn’t possible, it just means it might be a little harder to achieve and there needs to be a change in approach if adoption is driven in these areas.
China is possibly the biggest surprise, given that we now know authorities in China are hoping to wipe cryptocurrencies out from their very existence (it seems anyway). Perhaps many people in China are still holding onto their Bitcoin because it’s becoming very difficult to get rid of it? Or, maybe they are hoping that in the future, when Bitcoin flies again, the Chinese authorities may change to a more positive stance on the legalisation of cryptocurrencies in their country?