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Top 5 Countries HODLing Bitcoin

by Syed Shoeb
Top 5 Countries HODLing Bitcoin
Have you ever wondered which countries hold the most Bitcoin in the world?

Some crypto experts believe that over 70% of Bitcoin is owned by large exchanges, funds, and mining firms. They use this volume to tip the scales in their favor when needed, as indicated by mass token movement when whales move funds between wallets thus influencing market sentiment.

Several statistical studies have shown that the USA tops the list of BTC HODLers. 


United States

At the moment, the United States is spearheading the crypto revolution with a large number of exchanges, trading platforms, funds, crypto mining facilities, and blockchain-oriented projects being developed and launched. That being said, it’s conventional thinking that the U.S. has the largest number of Bitcoin HODLers in the world. According to Coin.dance, 8% of global Bitcoin HODLers in the world are in the United States. 

Romania

Romania is popular for its IT sector and freelance jobs for developers. As a country, Romania is technologically savvy and has been actively involved in crypto trading for over a decade. 12% of their IT consumer pool owns at least one type of crypto; Bitcoin being the most popular among them.


China

Despite several crackdowns on crypto operations and businesses, China holds a record for crypto trading. China’s leading exchanges like OKEx usually ranks among the top 25 exchanges in the world, based on 24-hour trade volume. China also leads the way in crypto mining and 9% of their population is HODLing cryptocurrency. 

Spain

Spain is home to several Bitcoin ATMs and retail merchants accepting crypto payments. In fact, most local banks in Spain support the exchange of Fiat to Bitcoin and other cryptocurrencies. Spain has over 96 Bitcoin ATMs and it’s the fifth-largest number of ATMs that supports crypto in the world. 10% of Spain’s population holds digital assets. In an interesting turn of events, this number has been on the rise over the last few years. 


Czech Republic

The Czech Republic has an all-round crypto community with 9% of its consumers invested in digital assets. While most East European countries don’t rank in the highest number of cryptocurrency exchanges or businesses, the Czech Republic has the highest number of crypto traders with 14% of the population holding digital assets. 

There are many more countries like South Korea, Japan, and Singapore that hold digital assets, however, the precise numbers aren’t available in statistical studies or data surveys. An interesting way to understand how Bitcoin is distributed worldwide is to check the number of active Bitcoin nodes. Bitnodes reports that the USA holds 24.88% of the nodes in the world, followed by Germany with 25.27% and France with 6.04%. China ranks fifth with 4.18% of the total nodes in the world.

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