Top 10 States in America Most Interested in Bitcoin and Ethereum
Hello geckos!
We recently did a research study to identify Top states in America most interested in Bitcoin and Ethereum. We examined website traffic on our Bitcoin and Ethereum sites in the United States, between May 2 and August 21, 2022. The data is then indexed on a scale of 0 to 100, and numbers represent website traffic relative to the highest point in this data set.
Some of our findings might just surprise you – read on to find out which state takes the crown as #1, and which state ranks higher in Ethereum market share.
California dominates as the #1 state in America most interested in Bitcoin and Ethereum
Outpacing all states, California accounts for 43% of the total traffic to Bitcoin and Ethereum websites on CoinGecko, in the United States, signaling the greatest interest in these cryptocurrencies.
Figure 1: California vs. American states e.g. California, following Bitcoin and Ethereum interest
After California, other contenders in the top 10 are Illinois, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia and Arizona.
Figure 2: Top 10 US States Most Interested in Bitcoin and Ethereum
Bitcoin registers an average market share of 76% in the top 20 states
Figure 3: Bitcoin vs. Ethereum’s market share, averaged over the top 20 states most interested in Bitcoin and Ethereum
Ethereum’s market share is higher than Bitcoin’s market share for: Colorado, Wisconsin, New Jersey and Florida
Figure 4: Bitcoin vs. Ethereum market share by state, across the top 20 states most interested in Bitcoin and Ethereum
Bobby Ong, our COO and co-founder commented on the findings: “It’s no surprise that California, as one of the world’s biggest technology hubs, takes the crown in ‘blue-chip’ cryptocurrency interest. Of particular note is Colorado, Wisconsin, New Jersey and Florida’s interest in Ethereum over Bitcoin. It remains to be seen how these rankings and market shares will play out in the coming months, with Ethereum’s Merge around the corner.”
Research methodology
This research aims to identify states in America most interested in Bitcoin and Ethereum, and does so by examining Bitcoin and Ethereum website traffic on CoinGecko in the United States, between May 2 and August 21, 2022. The data set is indexed to 100, where 100 is the highest point for website traffic, given the time and place chosen. Subsequent figures represent website traffic in relation to this highest point.
|
Top 20 US States |
|||
|
State |
Bitcoin |
Ethereum |
Insidex |
|
California |
82.3 |
17.7 |
100.0 |
|
Illinois |
19.3 |
2.1 |
21.4 |
|
New York |
10.4 |
6.8 |
17.2 |
|
Florida |
6.9 |
7.4 |
14.3 |
|
Washington |
5.2 |
3.5 |
8.6 |
|
Pennsylvania |
6.7 |
0.5 |
7.2 |
|
Texas |
4.4 |
2.7 |
7.2 |
|
Virginia |
5.0 |
1.8 |
6.8 |
|
Georgia |
4.1 |
1.0 |
5.1 |
|
Arizona |
2.6 |
1.6 |
4.2 |
|
Oregon |
3.7 |
0.3 |
4.0 |
|
Maine |
1.8 |
1.6 |
3.4 |
|
Utah |
2.6 |
0.7 |
3.3 |
|
Maryland |
2.7 |
0.1 |
2.8 |
|
Massachusetts |
2.2 |
0.3 |
2.5 |
|
Colorado |
1.1 |
1.2 |
2.3 |
|
North Carolina |
1.5 |
0.7 |
2.3 |
|
Wisconsin |
0.9 |
1.2 |
2.1 |
|
New Jersey |
0.5 |
1.0 |
1.5 |
|
Indiana |
1.0 |
0.5 |
1.5 |
