How does crypto currency develop globally? Most people don't have a clear spectrum. Before 2016, the impression was that Bitcoin trading volume was mainly in China, and Bitcoin leaving the Chinese market would no longer exist. After China began to scribble the crypto currency and blockchain such as Bitcoin, the crypto currency was indeed affected. Bitcoin prices have plummeted from more than $20,000 to more than $3,000. In fact, in recent years, bitcoin has soared from a few hundred dollars to more than 20,000 US dollars. The plunge is not only a matter of regulatory banning, but it also has an internal plunge. The fact is that after the Chinese market has died down, the crypto currency has not died, and the reorganization has begun to break out again in late May 2019, and the price is still skyrocketing. From more than 3,000 US dollars, it has exceeded 10,000 US dollars by the end of June. The Chinese market has disappeared, and the crypto currency is still rising and heating up. What is the charm? It must be analyzed from the global market, which of course cannot be separated from the analysis of the most important market - the United States. The analysis of the US market in the development of crypto currency is really a big jump.
From 2018 to the first half of 2019, as more and more people regard cryptocurrency technology as a new way to participate in the financial system, the popularity and enthusiasm of cryptocurrency in the United States is continuing to grow, in the latest Coinbase report. The agency outlined the findings of the US market's growing interest in cryptocurrencies.
From the perspective of public participation and understanding of cryptocurrencies, as of the first half of 2019, 58% of Americans said they had heard of Bitcoin. The top 10 states with cryptocurrency are: California, New Jersey, Washington, New York, Colorado, Utah, Florida, Alaska, Nevada, and Massachusetts. In the past year, there were more people searching for Bitcoin keywords than those searching for "royal weddings" or "election results." At the end of June 2019, as bitcoin prices climbed, Google’s search for bitcoin soared almost three times that of Kardashian’s search. Bitcoin’s search volume is not only more than a star. In 2018, Americans entered “bitcoin” on Google more than a series of headlines such as “royal wedding” and “election results”. The news has to come more.
Coinbase's research shows that people have expressed a range of reasons for participation, from the desire to increase the diversity of their portfolios to the potential for change in security and decentralized currencies.
"The most attractive thing for me is the cryptocurrency and bitcoin, the idea of a global currency that can cross national borders without having to consider exchange rates, high transfer fees or long delays," said the 26-year-old New Jersey small business. Lord Christopher said, "If one day I want to move to another country, my cryptocurrency will follow me automatically. My entire journey is not to get rich. I really believe in cryptocurrency and hope that this technology will succeed. "A thorough understanding of the role of cryptocurrency is enough to see the popularity of cryptocurrencies in the United States."
Speculative investment remains the attraction of Bitcoin. "For my generation, I think cryptocurrencies are more meaningful than stocks, bonds, inflated real estate or other depreciating assets," said Harrison, 30, a system manager from Washington State. "I There are no deals now, no plans to sell, and at some price point, I can sell some to pay off my debts or pay for my apartment, and my goal is to work hard to achieve economic freedom."
Similarly, Todd pointed out that cryptocurrency opens up a new investment channel, he said:" The best opportunities in the stock market are only available to qualified investors, and qualified investors account for only a small percentage of the US population, while cryptocurrencies are accessible to anyone."
More than 15% of Americans "somewhat" or "very" may purchase bitcoin or some other cryptocurrency in the near future. The figure for institutional investors is relatively higher: asset management giant Fidelity Investments announced in May 2019 that 22% of institutional investors already own digital assets, and nearly half of institutional investors will consider Increased cryptocurrency in its portfolio.
How the United States regulates cryptocurrencies is the market's biggest concern. This is the key to eliminating cryptocurrency security issues and money laundering issues.
By the first half of 2019, more than 70% of states in the United States had enacted bills involving cryptocurrencies or blockchains. In April 2019, Ohio announced that it would accept bitcoin taxation. In the first half of 2019, Wyoming passed a set of 13 laws that included the recognition of cryptocurrencies as currency and allowed banks to provide custodial services for digital assets. Under these regulations, Wyoming wants to be a legitimate home for banks that provide asset management and other cryptocurrency services to customers across the country. In addition, since 2015, the New York State financial regulator has granted 18 so-called BitLicense licenses to virtual currency companies that wish to conduct Wall Street transactions or other transactions on behalf of their clients.
While releasing, developing, legislation, and supervision. Focusing on the liberalization of the market, promoting the development of cryptocurrency, encouraging market-oriented transactions, allowing investors to freely invest, while legislation to keep up with, to control, to prevent attacks. Encourage innovation, promote development, follow up legislation, and supervise in place. This is why financial innovations such as cryptocurrencies have flourished in the United States.