six interesting facts about cryptocurrency in the USA

1. Bitcoin ATMs Are Everywhere The USA has the highest number of Bitcoin ATMs in the world, with over 30,000 ATMs (and counting). Cities like Los Angeles, Miami, and New York are crypto ATM hotspots.

2. Cryptocurrency Adoption Is Growing A study reveals that 21% of Americans have traded or used cryptocurrency, reflecting the increasing mainstream adoption of digital currencies in the USA.

3. Crypto-Friendly States States like Wyoming and Texas are becoming crypto-friendly hubs, offering regulatory clarity, tax incentives, and blockchain-friendly legislation

4. The IRS Wants Its Share The IRS considers cryptocurrency property for tax purposes. If you buy, sell, or earn crypto in the USA, it must be reported on your tax returns.

5. El Salvador and U.S. Connection Though El Salvador is the first country to adopt Bitcoin as legal tender, many Salvadorans in the USA send remittances home using Bitcoin, avoiding high transfer fees.

6. Major Companies Accept Crypto Big brands like Tesla, Microsoft, and Starbucks are embracing cryptocurrency, allowing U.S. customers to use Bitcoin and other cryptocurrencies for purchases.