Home Cryptocurrency News Bitcoin Bitcoin-friendliest state isn't even a state

Bitcoin-friendliest state isn't even a state

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Where is the best place in the U.S. to be a bitcoin enthusiast? It’s precisely the place where a raft of cryptocurrency regulation is likely to emanate: Washington, D.C.

That is according to a recent survey from RewardExpert which ranked the states, including the District of Columbia, that are the most amenable to the No. 1 digital asset in the world, bitcoin

BTCUSD, -0.78%

The survey factored the number of ATMs and establishments that accept bitcoin as a payment option, in assessing the place with the best bitcoin infrastructure as well as other cryptocurrencies.

“Washington, D.C. takes first place on our list on the strength of having the most bitcoin ATMs per capita anywhere in the country. There are 4.49 ATMs per million residents, and 2.39 establishments per million residents that accept bitcoin as a form of payment.”

Washington also happens to be the headquarters of the Securities and Exchange Commission and the Commodity Futures Trading Commission, which have combined forces to intensify regulatory oversight of the nascent, risky, and intensely volatile cryptocurrency market, including bitcoin, which surged in price and mainstream popularity last year.

Read:Here’s how the U.S. and the world regulate bitcoin and other cryptocurrencies

“The growing prevalence of cryptocurrencies is undeniable,” said Roman Shtyn, CEO and co-founder of RewardExpert in a news release statement. “The most popular use for cryptocurrencies is for investment, however an increasing number of businesses accept currencies like bitcoin as payment, and bitcoin ATMs have been popping up across the country enabling investors to spend their funds.”

RewardExpert

Most bitcoin friendly states

Coming in at the No. 2 spot is New Hampshire, with 62 establishments where you can use cryptocurrency to pay for an array of goods and services; including travel and lodging, according to the report.

Read:Forever 21 says it does NOT accept bitcoin, so stop asking

While acceptance of bitcoin has grown substantially in the U.S. (and across the globe), the bitcoin fever is still relatively concentrated: 24 states don’t have a single bitcoin ATM and half a dozen others have just one dedicated to digital-currency transactions.

Additionally, RewardExpert surveyed the states that are most interested in cryptocurrency, which was topped by the larger metropolitan areas: California, New York and New Jersey made up the top three.

Here are the top 10 in each category:

U.S. states (district) most favorable to bitcoin, other cryptocurrencies States most interested in bitcoin, other cryptocurrencies
1) Washington, D.C. 1) California
2) New Hampshire 2) New York
3) Georgia 3) New Jersey
4) Nevada 4) Washington
5) Colorado 5) Alaska
6) Kansas 6) Nevada
7) New York 7) Florida
8) Michigan 8) Utah
9) Missouri 9) Connecticut
10) Oregon 10) Colorado

For the complete state-by-state ranking and an interactive table, check out RewardExpert’s survey results here.

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