Hi HODLers,
I was reading some articles on this lazy sunday and came accross some data on Bitcoin hashpower and ATMs.
I knew the United States had caught up over the past year on both metrics but I was far from guessing how much they gained leadership.
As Cointelegraph reminds us:
Prior to cracking down on BTC mining, China historically represented over 50% of the total hash rate up until Feb 2021
Today, 37.5% of the Bitcoin hash rate comes from the US while China represents under 20%!
US is #1 in Bitcoin ATM and it is not even close
If someone reads this, why would anyone use a Bitcoin ATM?
I guess it would make sense for old people who do not understand web3 and hardware wallets but who else would be interestedby these high fees ATMs?
Could it be because of an additional anonymity you get through buying Bitcoin at an ATM? I would gladly listen to some explanations on the topic!
Crypto ATM distribution by continents and countries. Source: CoinATMRadar
This trend is continuing as 641 out of 710 Bitcoin and crypto ATMs installed in the first 10 days of the month were in the United States.
Thank you for reading this and stay safe out there!