Top Ten Most Crypto-Friendly Cities in the US – Cryptopolitan

by Arthur · April 14, 2023

If you’re investing in cryptocurrency, you’re sure to be curious about which cities in the US are the most crypto-friendly. So let’s take a look at the top ten.

Table of Contents

The ten most crypto-friendly cities

We can find out which cities are the most crypto-friendly by looking at a study conducted by CoinTracker. The study looked at tens of thousands of anonymous people who used CoinTracker’s crypto tax calculator between 2013 and 2020 and then analyzed the results by geographic location to determine which currencies are most commonly held in each city.

The findings showed that the number one crypto-friendly city in the US is San Francisco. The average crypto owner in the city has more than $55,000 in their crypto portfolio.

San Fran also stands out because users in the city make over half of their wealth in cryptocurrency from Ethereum, unlike most crypto investors who make their fortunes from Bitcoin.

The other nine most crypto-friendly cities in the US after San Francisco are as follows:

1. New York.

2. Los Angeles.

3. Chicago.

4. Brooklyn.

5. Seattle.

6. San Jose.

7. Houston.

8. Austin.

9. Atlanta.

The top ten places with the highest density of crypto owners

To get a clearer idea of which areas are most crypto-friendly, we need to look at population sizes. Adjusting for population size, we find that Ashburn in Northern Virginia is actually the best location. That’s perhaps not too surprising since Ashburn is known as the Mid-Atlantic’s tech hub.

After Ashburn, the most crypto-friendly places in the US based on the highest density of crypto owners are as follows:

1. Redmond, Washington.

2. San Francisco, California.

3. Santa Clara, California.

4. Mountain View, California.

5. Sunnyvale, California.

6. Palo Alto, California.

7. San Mateo, California.

8. Cambridge, Massachusetts.

9. Seattle, Washington.

Areas where the richest crypto owners live

San Francisco comes out on top when comparing US cities that have the richest crypto owners. As mentioned above, crypto users in San Fran have an average balance of over $55,000.

After San Francisco, the nine areas where the wealthiest crypto owners live are:

1. Palo Alto, California.

2. Oakland, California.

3. San Mateo, California.

4. Seattle, Washington.

5. New York, New York.

6. Tampa, Florida.

7. Pittsburgh, Pennsylvania.

8. Ashburn, Virginia.

9. San Diego, California.

The most popular cryptocurrencies in the United States

Not surprisingly, Bitcoin is the most popular cryptocurrency used in the United States. In fact, over half of all CoinTrackers users have built wealth in Bitcoin. Ethereum is by far the second most widely used cryptocurrency.

Should you move to get richer from crypto investing?

If people have more crypto wealth in certain places, you may consider moving, in which case you may need to hire reputable moving companies in the cross-country category.

But of course, since crypto investing is a digital process that you can do remotely from any location, it doesn’t matter if you move or not to get rich from investing in crypto.

It is more important to learn cryptocurrency investment strategies if you want to build wealth from crypto.

The takeaway

Investing in cryptocurrency can be an excellent way to build a profitable portfolio. And while Bitcoin is notorious for rising and falling in price, it is still often the best crypto choice for investing, especially for new investors.

But it is also worth investing in other cryptocurrencies such as Ethereum, Tether, BNB, XRP and Cardano. No matter where you are based, by learning how to invest wisely, you can make a handsome profit investing in cryptocurrency.