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The Top 10 Global Cities Embracing Bitcoin
Explore the top 10 global cities leading in Bitcoin adoption. From tech hubs like San Francisco to unexpected contenders like Portsmouth, discover where Bitcoin is making its mark.
The Bitcoin⚡️ Energy Standard
September 24, 2023
Table Of Content
1. San Francisco
2. Vancouver
3. Amsterdam
4. Ljubljana
5. Tel Aviv
6. Portsmouth
7. Miami
8. San Salvador
9. New York
10. London
Conclusion
FAQ
Bitcoin, the pioneering cryptocurrency, has seen a surge in adoption across the globe. As businesses and consumers become more familiar with its potential, certain cities have emerged as hotspots for Bitcoin activity. Based on data up to September 2, 2023, here are the top 10 cities leading the charge in Bitcoin adoption:
1. San Francisco
San Francisco, the tech capital of the U.S., is unsurprisingly at the forefront of Bitcoin adoption. With major cryptocurrency trading platforms like Coinbase and Kraken headquartered here, the city boasts hundreds of merchants accepting Bitcoin. Additionally, the Bay Area is home to 408 Bitcoin ATMs, a significant number considering San Francisco's population of 808,000.
2. Vancouver
In Canada, Vancouver stands out as a Bitcoin-friendly city. Despite the controversy surrounding the now-defunct QuadrigaCX exchange, Vancouver remains a hub for Bitcoin activity. The city has around 30 merchants accepting Bitcoin and 214 Bitcoin purchase locations. Notably, the world's first Bitcoin ATM started its operations in Vancouver in 2013.
3. Amsterdam
The Dutch capital, Amsterdam, is home to Bitcoin hardware manufacturer Bitfury and the European base of BitPay. With over 35 merchants accepting Bitcoin and several Bitcoin ATMs, Amsterdam's 840,000 residents have ample opportunities to engage with the cryptocurrency.
4. Ljubljana
Slovenia's capital, Ljubljana, has embraced Bitcoin with open arms. The city, which has a population of about 293,000, is home to around a dozen Bitcoin ATMs and approximately 150 merchants accepting the cryptocurrency.
5. Tel Aviv
Tel Aviv, Israel's financial hub, has a thriving Bitcoin community. The city has over 20 merchants accepting Bitcoin and five Bitcoin ATMs. The Israel Bitcoin Meetup Group in Tel Aviv is one of the most active globally.
6. Portsmouth
Portsmouth, a small coastal city in New Hampshire, has earned the nickname "Bitcoin village" due to its enthusiastic cryptocurrency community. The city has five crypto-friendly businesses in its downtown area and 48 Bitcoin ATMs, a remarkable number for a town of just 22,000 residents.
7. Miami
Miami is not only a major city but also a significant Bitcoin hotspot. The city has around 48 merchants accepting Bitcoin and a staggering 786 Bitcoin ATMs. Miami also hosts the Miami Bitcoin Conference, a major event in the crypto industry.
8. San Salvador
San Salvador, the capital of El Salvador, holds the distinction of being in the first country to make Bitcoin legal tender. The city has 61 Bitcoin ATMs and three businesses that accept the cryptocurrency.
9. New York
New York, a global financial and tech hub, has around three dozen merchants accepting Bitcoin. The city is also a major center for crypto startups and media companies. However, as of September 2, 2023, New York City is yet to have Bitcoin ATMs installed.
10. London
London, the UK's capital, has around 50 merchants accepting Bitcoin. The city is home to several Bitcoin and cryptocurrency meetup groups, fostering a vibrant crypto community.
Runners Up
Other regions like Vietnam, the Philippines, Ukraine, and India are also witnessing rising Bitcoin adoption rates. Countries facing economic challenges, such as Venezuela and Zimbabwe, are increasingly turning to cryptocurrencies.
Conclusion
From its inception in 2009, Bitcoin has come a long way, with its adoption rate indicating that virtual currencies are here to stay. While major financial centers embracing Bitcoin is expected, it's intriguing to see smaller towns joining the movement.
FAQ
Which city tops the list for Bitcoin adoption?
San Francisco is currently leading in Bitcoin adoption, with a significant number of merchants and Bitcoin ATMs.
Where was the world's first Bitcoin ATM installed?
The world's first Bitcoin ATM began operations in Vancouver in 2013.
How is Bitcoin adoption measured?
Bitcoin adoption is gauged by the number of merchants accepting it, the presence of Bitcoin ATMs, and the population size relative to Bitcoin activity.
Which country was the first to make Bitcoin legal tender?
El Salvador was the first country to officially adopt Bitcoin as legal tender.
Are smaller towns also adopting Bitcoin?
Yes, even smaller towns like Portsmouth in New Hampshire have shown significant Bitcoin adoption.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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