Bitcoin Adoption: Trading Volume by Country - TotalCrypto

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Bitcoin Adoption By Country (2020)

Bitcoin Adoption By Country (2020) submitted by installeris to CryptoCurrency [link] [comments]

Bitcoin Adoption By Country (2020) (x-post from /r/Cryptocurrency)

Bitcoin Adoption By Country (2020) (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin adoption by country: An Analysis

We set out to answer the question: is Bitcoin adoption actually as global as some media outlets would have us believe? The truth is that most cryptocurrency trading is done on crypto exchanges or in the over the counter (OTC) market. The problem with these ways of buying Bitcoin is that there is no public data on how much Bitcoin is being bought and sold in each country.
However, Bitcoin country data is available for LocalBitcoins. It must be noted that the $6.3 billion traded on LocalBitcoins is a fraction of the global trade volume. Still, there is more than enough data to get a reasonably accurate idea of the levels of Bitcoin adoption in specific countries.

Our Analysis

fter analysis of the 46 country datasets for LocalBitcoins, it appears that Bitcoin trading on the platform is extremely concentrated. 72% of all Bitcoin trading happened in the top 5 countries: USA, Russia, UK, Venezuela, and China. What exceptionally interesting is that all of the countries making up the top 4 in the all-time country volume leaderboard have some kind of problem with their native currencies.

USA

The first thing to note is that over the last 104 years, the USD has lost more than 96% of its value. The era of quantitative easing funneled billions or trillions of dollars into markets like the stock market and real estate. Massive bubbles have been formed in traditional markets. With the FED beginning to raise interest rates, the stage is set for a correction in these traditional markets. In this sort of environment, it fundamentally makes sense for investors to look at hedges like gold and Bitcoin for wealth preservation.

Russia

In May 2018, the Ruble had officially lost 9% of its value against the dollar. It goes without saying that a 9% depreciation in the purchasing power of imported goods, is not good news for the Russian people. It appears that Russians are increasingly turning to Bitcoin to hedge against the devaluation of the Ruble.

The United Kingdom

The problem is that £26 trillion worth of EU derivatives contracts expire after Brexit. Unless an agreement is made, these contracts are all at risk. It’s been estimated that £70 trillion worth of trades could be impacted after the UK leaves the EU in March 2019. UK insurance companies could also lose access to the £55bn insurance market. As of now, no progress has been made to secure the UK’s access to EU markets after Brexit.
The future for the UK and its currency looks uncertain. With this drama unfolding in the background, it is maybe not surprising that more and more UK residents are turning to Bitcoin to preserve their post-Brexit wealth.

Venezuela

Venezuela is heading towards one million percent inflation and economic Armageddon. Shops are empty, wheelbarrows full of money are being used to buy normal items and people are dying of starvation. In this environment, it is no wonder that Bitcoin use is on the rise. Cryptocurrencies are maybe the best way for everyday people to get around oppressive government controls and preserve what little wealth they have.
Venezuela is perhaps the best example in the world today that shows that Bitcoin can be used to hedge against government incompetence.

Conclusion

Since 2008, many commentators argue that financial institutions such as the World Bank, European Central Bank, FED and the Bank of Japan, have done little to solve the underlying problems that caused the 2008 financial crisis.
Hopefully, we’ll avoid another global financial crisis. However, the warning signs are there for all to see. And with a whopping majority of Bitcoin trading being done in just five countries Bitcoin has a long way to go before it can be deemed a truly global currency.
For a more detailed writeup with accompanying infographics, click here.
submitted by TotalCrypto_io to Bitcoin [link] [comments]

Bitcoin adoption by country: An Analysis /r/Bitcoin

Bitcoin adoption by country: An Analysis /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin adoption by country (heat map)

Bitcoin adoption by country (heat map) submitted by thechevalier to Bitcoin [link] [comments]

OpenHeatMap - Bitcoin adoption by country

OpenHeatMap - Bitcoin adoption by country submitted by waspoza to Bitcoin [link] [comments]

Bitcoin adoption by country - bitcoinforum.com - The Unofficial Bitcoin Forum

submitted by bitcoinforum to Bitcoinforum [link] [comments]

Resource to see crypto popularity by country?

Is there any place I can see stats on popularity of the different cryptocurrencies based on country?
I've seen exchange volume by country and bitcoin adoption by country, but I'm trying to see what countries are trading NANO the most.
I would imagine USA and Europe, with pockets in asia and south america, based on what I've read.
I understand this data would only be speculative at best since an exchange can have international users. It's just interesting because I remember reading last year that South Korea was really big into Litecoin.
It made me think about how much market share is unexposed to NANO or even just unavailable to trade.
submitted by nolanj162 to nanocurrency [link] [comments]

The new Bitcoin wallet launched by a cuban crypto entrepreneur drives cryptocurrency adoption in Cuba with the citizens currently embracing bitcoin like no other country

The new Bitcoin wallet launched by a cuban crypto entrepreneur drives cryptocurrency adoption in Cuba with the citizens currently embracing bitcoin like no other country submitted by cryptopriceNg to Bitcoin [link] [comments]

Use of cryptocurrencies in Venezuela and the work being done by the Bitcoin Cash community in our country for a true adoption of the currency. [email protected] | Honest Cash ✍

Use of cryptocurrencies in Venezuela and the work being done by the Bitcoin Cash community in our country for a true adoption of the currency. By@LizbethAlviarez | Honest Cash ✍ submitted by money78 to btc [link] [comments]

Local.bitcoin.com is an awesome way to help spread Bitcoin Cash adoption. Help out by posting a sell add in your country today!

Local.bitcoin.com is an awesome way to help spread Bitcoin Cash adoption. Help out by posting a sell add in your country today! submitted by MemoryDealers to btc [link] [comments]

Use of cryptocurrencies in Venezuela and the work being done by the Bitcoin Cash community in our country for a true adoption of the currency. [email protected] | Honest Cash

Use of cryptocurrencies in Venezuela and the work being done by the Bitcoin Cash community in our country for a true adoption of the currency. By@LizbethAlviarez | Honest Cash submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What is the reason why Bitcoin isn't fully adopted by other countries yet?

submitted by joneeel to AskReddit [link] [comments]

Countries with the strongest Bitcoin adoption (as measured by the number of BTMs per capita)

Countries with the strongest Bitcoin adoption (as measured by the number of BTMs per capita) submitted by themetalfriend to Bitcoin [link] [comments]

$70,000.00 per Bitcoin by end of 2018? Yes, very possible. Why? Because the adoption rate of Bitcoin is increasing daily. So is cryptocurrency market cap. Watch as more countries realize the more consistent currency with liquidity and high storage value is Bitcoin.

$70,000.00 per Bitcoin by end of 2018? Yes, very possible. Why? Because the adoption rate of Bitcoin is increasing daily. So is cryptocurrency market cap. Watch as more countries realize the more consistent currency with liquidity and high storage value is Bitcoin. submitted by ImagesOfNetwork to ImagesOfThe2010s [link] [comments]

$70,000.00 per Bitcoin by end of 2018? Yes, very possible. Why? Because the adoption rate of Bitcoin is increasing daily. So is cryptocurrency market cap. Watch as more countries realize the more consistent currency with liquidity and high storage value is Bitcoin.

$70,000.00 per Bitcoin by end of 2018? Yes, very possible. Why? Because the adoption rate of Bitcoin is increasing daily. So is cryptocurrency market cap. Watch as more countries realize the more consistent currency with liquidity and high storage value is Bitcoin. submitted by LetgoCrypto to u/LetgoCrypto [link] [comments]

Countries with the strongest Bitcoin adoption (as measured by the number of BTMs per capita) /r/Bitcoin

Countries with the strongest Bitcoin adoption (as measured by the number of BTMs per capita) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BitcoinAll comment: Switzerland appears to be a country to watch regarding the adoption of the digital currency Bitcoin by the general public. They were the first country in the world in a city . Join the conversation!

BitcoinAll comment: Switzerland appears to be a country to watch regarding the adoption of the digital currency Bitcoin by the general public. They were the first country in the world in a city . Join the conversation! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

01-15 19:43 - 'Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency' (news.bitcoin.com) by /u/johnodowd2008 removed from /r/Bitcoin within 1145-1155min

Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency
Go1dfish undelete link
unreddit undelete link
Author: johnodowd2008
submitted by removalbot to removalbot [link] [comments]

Indian banks are sending warning letters to bitcoin and other VC traders following a similar move as taken by US banks before.More institutions are needed in this country to adopt bitcoin in order to regulate it.

Indian banks are sending warning letters to bitcoin and other VC traders following a similar move as taken by US banks before.More institutions are needed in this country to adopt bitcoin in order to regulate it. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] A Graphic Comparing Current Adoptation Rates With Future Potential, By Country

The following post by RandomContent0 is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7ixny4
The original post's content was as follows:
https://i.redd.it/pzi2q2lud6301.jpg
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

If US sees only crime in Bitcoin, then Bitcoin should be adopted only by the other 192 countries.

nuf said
submitted by xlzkprhsw to Bitcoin [link] [comments]

Ripple Pushes XRP Adoption, Partners With Fintech Company Powering Payments to 200 Countries Most proven use case for Bitcoin  Mass adoption is starting  Bitcoin and Hyperinflation Bitcoin Q&A: How will Bitcoin be adopted by developing markets? - Advancing Usability Japan's Bitcoin Adoption Rapidly Escalates Bitcoin adoption in India

The country does not recognize Bitcoin as legal tender, and the Reserve Bank of India, in 2018, issued a notification “prohibiting banks, lenders and other regulated financial institutions from ... Nigeria’s government in particular has started to dwell into regulating the field. Nigeria is the top country in Africa in terms of BTC volume traded. According to Localbitcoins statistics, a peer to peer Bitcoin exchange platform, Nigeria controls 4% of the total volume traded on the site placing the country 6 th in the world. Switzerland Bitcoin Adoption By Country (2020) MEDIA. 5 comments. share. save. hide. report. 100% Upvoted. Log in or sign up to leave a comment log in sign up. Sort by. best. level 1. Hodling Sh!t Coins 4 Life. 5 points · 1 hour ago · edited 1 hour ago. I knew I should of taken the offer email from my long lost Nigerian uncle, who wanted to give me my 10 million dollars worth of bitcoin inheritance more ... The country’s leading exchanges have one of the biggest volumes of Bitcoin being traded on a daily basis. There have been many reports that show that Chinese citizens have moved closer to power plants to profit from the cheap electricity provided by them, and use them to mine bitcoins. However, seeing its current regulatory actions towards cryptos, the number of hodlers might dwindle in the ... Hence the strategy for the adoption of Bitcoin in the country has to be incentivized for it to be successful. In the Philippines, only two out of 10 households have access to bank accounts. Therefore, a large part of the population is unbanked. This represents an opportunity for Bitcoin companies like Coins.ph, which are trying to help the locals by creating awareness about the benefits of ...

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Ripple Pushes XRP Adoption, Partners With Fintech Company Powering Payments to 200 Countries

Close. This video is unavailable. We take a look at India and it's population, economy, infrastructure and progress going forward. Is India embracing the new digital economy? And the answer is... totally YES! India, the land of ... This episode I discuss the top 3 Bitcoin-friendly countries, Bitcoin 2020 cancelation, Coinbase CEO thoughts on mass adoption and Bitcoin price action over the weekend. #Ripple Pushes #XRP Adoption, Partners With Fintech Company Powering Payments to 200 Countries Narrated by The #Cryptocurrency Portal on Thursday Feb. 27th, 2020 If you like this content, please ... Keywords/phrases: How to increase Bitcoin adoption in developing markets free of macroeconomic and geopolitical policy. Usability advancement. Countries with currency controls and hyperinflation ...

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