Bitcoin has grown very popular in the U.S. and data shows the region is consistently one of the top three countries leading in bitcoin trade volume. According to a recent study from the Cambridge University Business School’s Centre for Alternative Finance, the U.S. is the fourth leading country utilizing bitcoin for payments and as a form of cross-border money transmission.
Further, the country has the third largest number of exchanges worldwide, and USD is one of the most widely supported currencies across a majority of global exchanges. This popularity has spread to American ‘mom and pop’ investors spending a few bucks on cryptocurrency investments that are turning out to be extremely lucrative.
According to a recent report middle-class Americans are growing quite fond of bitcoin and cryptocurrency investment. Bitcoin’s value is continuing to climb and everyday Americans are getting in on the action.
Many Americans are also purchasing bitcoin and cryptocurrency-based IRAs as a form of retirement. The Chief Operating Officer of the company Bitcoin IRA, Chris Kline, explains to CNBC that business has been phenomenal this year. According to Kline, when the company started it saw roughly $1M a month in capital inflow, and now Kline says they are averaging that amount on a daily basis.
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