SimonaD2023-09-26

Bitcoin - Geographical Supply Distribution Shift

The geographical supply distribution of Bitcoin it is an on-chain metric of great interest that it is showing us an update in entities ownership regarding Bitcoin. US entities had an important role in the past cycles to the Bitcoin market rise. However, looking to US entities supply distribution, the trend is declining constantly since mid-2022. The US regulatory approaches to Bitcoin have closely monitored over time different ways to regulate the market, but without success. As US still have an uncertain environment regarding crypto regulations, investors may have decided to switch to other Bitcoin friendly environment, causing a significant shift in its geographical distribution. On the other hand, rising interest rates and other economic factors could possible slowed down investments in assets such as Bitcoin in the US. Moving further, we anticipate that the Bitcoin distribution worldwide will continue and it remains to be seen the impact over the Bitcoin global market.