San Francisco Bay Holds Majority Of Crypto Wealth

Crypto taxation software CoinTracker has launched a report evaluating the prevalence of cryptocurrency possession throughout main cities in america. The report relies on person information that CoinTracker has been accumulating since 2013.

CoinTracker discovered that the highest 4 ranked cities by common crypto portfolio dimension are all in California’s San Francisco Bay Space, with San Francisco correct at roughly $55,000 adopted by Palo Alto with $39,000, Oakland with $35,000 and San Mateo with $30,600.

Solely 4 cities outdoors of California are dwelling to traders whose common crypto holdings exceed $20,000 within the U.S. — with Seattle, New York, Tampa, and Pittsburgh traders holding between $27,000 and $21,000 on common.

The findings additionally present a big focus of crypto traders within the cities of San Francisco and New York — with their mixed “crypto person index” roughly equating to that of the subsequent 4 highest-ranked cities mixed.

San Francisco is the highest U.S. crypto metropolis by the variety of traders and thus scored a person index of 100.

New York ranks second for crypto investor density with a person index score of 92, nevertheless, it ranks sixth by the typical worth of holdings at almost $23,000.

Los Angeles has the third-largest density of crypto traders with a person index of 57.2, adopted by Chicago with 48.8, and Seattle with 39.7.

Regardless of comprising a small city of 43,000 in Virginia, Ashburn tops the listing for crypto possession density when assessed on a per capita foundation.

Regardless of its small inhabitants, Ashburn has been described because the “Middle of the Web,” with 70% of web visitors passing by means of town that additionally has the fourth-largest information middle density in america.

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