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America's least crypto-friendly states

 

December 5, 2022 (Investorideas.com Newswire) Vermont is America's least crypto-friendly state, new research shows.

Personal finance experts at DollarGeek analyzed various factors relating to the availability and popularity of cryptocurrency in each state, including the number of cryptocurrency ATMs, crypto-friendly businesses, searches for crypto-related terms, and crypto job listings.

They found that Vermont is the least crypto-friendly state in the country, with the state having zero cryptocurrency ATMs and zero job listings in crypto at the time of the study. Despite the state having a fair share of crypto-friendly businesses, with roughly 39 per 100,000 total, low search levels for terms relating to cryptocurrency means that the state takes the top spot as the least crypto-friendly state.

West Virginia takes the number two spot, with the state having the lowest interest in cryptocurrency of any state with a crypto search score of 40 out of 100. Additionally, there are a limited amount of cryptocurrency ATMs in the state, with roughly six bitcoin ATMs per 100,000 people. There are also 2 crypto-friendly businesses per 10,000 total in the state and 22 crypto job listings per 100,000.

Coming in third place is Wyoming, which has a low four bitcoin ATMs per 100,000 people, 2 crypto-friendly businesses per 10,000, nine job listings in crypto from 100,000 total, and a crypto search score of 60 out of 100, indicating an interest in cryptocurrency despite the lack of facilities for it.

Alaska takes fourth place on the list, with one bitcoin ATM per 100,000 people, 3 crypto-friendly businesses per 10,000, and 18 crypto job listings per 100,000 listings. Despite these low numbers, there is still interest in cryptocurrency in the state, with it registering a crypto search score of 69.5 out of 100 in the study.

Rounding out the top five is Mississippi. Although the state came in with the top ten's highest number of bitcoin ATMs per 100,000 people, at 11, a low number of crypto-friendly businesses and general interest in cryptocurrency weighs the state down.

America's least crypto-friendly states


By comparison, the most crypto-friendly states included California, Nevada, and New Hampshire. California has the strongest search interest in cryptocurrency of any state, scoring 97.5 out of 100. It also has 189 crypto job listings per 100,000, 4 crypto-friendly businesses per 10,000, and 9 bitcoin ATMs per 100,000 people.

America's most crypto-friendly states


This study was conducted by DollarGeek, a personal finance site that leverages large sets of data to recommend financial products and strategies to users, all for free.

Credit: dollargeek.com

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