A recent in-depth analysis by River, a Bitcoin services company based in San Francisco, suggests that the United States has emerged as the dominant force in the world of Bitcoin, controlling around 40% of the total circulating supply. This translates to a staggering value of over $790 billion, surpassing the market capitalization of most Fortune 50 companies. American entities hold a significant portion of Bitcoin in corporate treasuries, contribute a large share of global Bitcoin development funding, and dominate venture capital investments in the ecosystem. The US also leads in hashrate, with American miners contributing 36% of global computational power. The country hosts numerous industrial-scale mining sites and is home to a growing number of Bitcoin-focused companies, employing thousands of Americans. Additionally, the US government holds a substantial amount of Bitcoin, far surpassing other nations. Institutional investors, including universities and insurance companies, have also joined the Bitcoin ownership trend. Overall, the report highlights America's strong influence and presence in the Bitcoin market. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC