Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: James Anderson on January 08, 2024, 07:28:22 AM
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1 Luxembourg
2 St. Helena
3 Singapore
4 Switzerland
5 Austria
6 Germany
7 Canada
8 Netherlands
9 Hong Kong
10 Cyprus
11 Slovenia
12 United States
13 Portugal
14 Australia
15 China
A recent report published by CoinGecko stated that, surprisingly, the United States ranks 12th among the countries most interested in Bitcoin ETFs.
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1 Luxembourg
2 St. Helena
3 Singapore
4 Switzerland
5 Austria
6 Germany
7 Canada
8 Netherlands
9 Hong Kong
10 Cyprus
11 Slovenia
12 United States
13 Portugal
14 Australia
15 China
A recent report published by CoinGecko stated that, surprisingly, the United States ranks 12th among the countries most interested in Bitcoin ETFs.
That is indeed very surprising. I thought people of US would want Bitcoin ETFs to approve the most. but again what are the basis of this report? is that based on common people's point of view or govt? because if that report is about Govts of these countries then that actually make sense. US Govt is really hate Bitcoin and Cryptocurrency. they are like main villain of Crypto. in fact most of the govt are. because Bitcoin gives people freedom from banks and govt can't control them.
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Government institutional investment and investment funds are usually subsequent to corporate investment, and it is a stage that we have reached so far. Companies’ access to Bitcoin is still limited and through direct purchase from the OTC market, with major problems that come due to trust, as the company must perform cold storage accurately. The private key must be owned by multiple people at a multi-signature address.
If US ETFs are approved, this will be the starting point for the flow of money from government funds, and I am certain that the regulations will change dramatically in the coming years.
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That is indeed very surprising. I thought people of US would want Bitcoin ETFs to approve the most. but again what are the basis of this report? is that based on common people's point of view or govt?
No, it's some lazy ass article that claims to be somekind of research when it's just copy paste numbers.
It's based on google trends, so the first bias here is that google is not used in the same percentages by every country, it has different demographics and age gaps, and even in the same category some , like a lot of people who are about privacy use alternatives.
Second, google trends is not an indicator of a majority searching for this, it's about a thing that breaks out of the normalized data, a 100 shows that increase searches compared to previous results, so a country with 100 trend now might actually have a way lower percentage of interest than a country with a normalized 50.
St Helena on top (popualtion 5000) is dead giveaway on how inaccurate those are, just two three people searching a week after nobody has done so would raise it in the top.
because if that report is about Govts of these countries then that actually make sense. US Govt is really hate Bitcoin and Cryptocurrency. they are like main villain of Crypto.
Sorry bu this is BS!
If the US government would hate that then you wouldn't have these:
- 11 ETH aproved
- highest hashrate for Bitcoin and largets bitcoin mining pool
- largest cryptocurrency cold storage porived being based there
- biggest number of Bitcoin ATM in the world 2 times more than the whole worlds combined
- the most nodes, both Bitcoin nodes and Lighting network nodes hosted on US based services
- insane amount of business accepting Bitcoin, see the map here (https://coinmap.org/view/#/world/11.22151026/-40.60546875/4)
How would these be possible if the govemermnt would hate crypto?