When it comes to cryptocurrencies from your point of view. what do the think about why this counries top best in innovation and in the hotspot in bitcoin?
I compared these two for when you are a hotspot in bitcoin and innovation it shows from my point of view that your country is rich and a part of the innovated country this 2021.
They are mainly rich places? I mean if you look at the cost of living in those cities, and compare it to the mean average of the rest of the world you will realize that these places are one of the richest ever. If you look at the nations they are in, they are from the richest nations as well, hell California (San Francisco) is 5th biggest economy in the whole world if it was a nation.
So, to think that they have a bigger crypto presence is basically all due to them being rich. This is why I believe that we are talking about something very valuable here, it is definitely something about the wealth that they have which caused them to be at the top of the list.
Well, most of most these countries and states that are listed here didn’t just come out and became rich just like that. It’s all about the citizens or people that are living in that location being hardworking and able to raise themselves to the standard that they are right now. It’s just like when they said that Rome isn’t built in a day, it took years for it to be to that level that it is. Big places like this are where you would see big investors and institutions, and these are the people who are more likely to invest in cryptocurrencies.
These locations would have higher adoption of cryptocurrency, because they have more understanding of what this is all about, and they have enough money to invest in it. Investment requires money, a state that is poor wouldn’t be talking about investment. There would only be a higher adoption of cryptocurrency in places where people are rich. All these big institutions that we are seeing today that are buying Bitcoin, most of them are from these locations.