A recent study by Crypto Quant has revealed that entities in the United States hold 65% more Bitcoin than offshore players. This data provides valuable insight into the distribution of Bitcoin ownership and the influence of different regions on the cryptocurrency market.
The dominance of US entities in Bitcoin holdings suggests a strong presence of institutional investors and retail traders in the country. This trend could be attributed to the growing acceptance and adoption of Bitcoin in the US, as well as regulatory clarity in the market.
On the other hand, offshore players hold a smaller share of Bitcoin, indicating a more cautious approach to cryptocurrency investment. This could be due to regulatory uncertainties, lack of infrastructure, or other factors that limit offshore entities from investing heavily in Bitcoin.
Overall, the distribution of Bitcoin ownership between US entities and offshore players reflects the diversity of the cryptocurrency market and the different strategies adopted by investors in different regions. As the market continues to evolve, it will be interesting to see how these trends change and the impact they have on the price and adoption of Bitcoin.
For more information on the study, you can visit the original article here.
