The U.S. Emerges as a Dominant Force in the Bitcoin Market According to River Report

The United States is poised to become the primary beneficiary of the growth of digital gold due to regulatory advantages, a well-developed mining infrastructure, and state-level support, as outlined in a report by River.

Researchers have highlighted that the country currently accounts for 79.2% of the global assets in spot Bitcoin ETFs. Additionally, over 40% of Americans under 40 years old have invested in or used the first cryptocurrency.

Among small business owners, 29% express interest in conducting transactions using Bitcoin and hedging risks.

Experts emphasized the significant role of the U.S. in mining, noting that American companies control more than 38% of the network’s hash rate.

The U.S. also leads in venture capital investment, comprising around 70% of global funding for Bitcoin startups.

In terms of political support, 59% of senators and 66% of congressional representatives view the first cryptocurrency positively. Bitcoin legislation has been introduced in 36 states.

It’s worth mentioning that in May, Arizona became the second U.S. state to implement a crypto reserve law, following New Hampshire.

In Florida, authorities have halted the consideration of two legislative proposals allowing for public funds to be invested in Bitcoin.

In states like Oklahoma, Montana, Pennsylvania, North and South Dakota, and Wyoming, attempts to establish a strategic Bitcoin reserve have also failed.