USA Crypto Adoption Shows Crypto-Positive Nation

We are all aware of the Covid-19 pandemic's devastating effects. We are still feeling the effects of its devastation as of the time this essay was written. 

People lost their enterprises, loved ones, jobs, etc. Major market participants were severely impacted as well, and they are actively working to recover. 

Nonetheless, in light of the vulnerability brought up by COVID-19, cryptocurrencies such as Bitcoin and Ethereum have become increasingly relevant in the United States and other countries. 

The market for cryptocurrencies is expected to increase at a compound annual growth rate (CAGR) of 7.1% from USD 1.6 billion in 2021 to USD 2.2 billion by 2026, according to research conducted by Markets and Markets.

The value and usage of cryptocurrencies are rising at an increasing rate due to capital venture investments made in bitcoin firms. 

Bitcoin reached its all-time highs in value at the close of 2020, and it remains there. 

Bloomberg has also reported that a staggering number of investment banks have snapped up bitcoin as fast as possible, and that the list of extremely wealthy individuals and other notable tech leaders who back US-based cryptocurrency exchanges has been growing lately.

Before the pandemic struck a year ago (2020), just 55% of Americans owned equities, and only 6% owned Bitcoin. Plus, 68% of them stated they have no plans to purchase cryptocurrency in the United States in the future. 

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