Florida Is Considered As The Cryptocurrency Capital In The United States

Invezz research identifies Florida as the cryptocurrency capital of the United States due to its significant participation in the burgeoning crypto economy.

Florida, according to research, is the most encrypted state in the United States, with 3,187 Bitcoin ATMs and over 500 blockchain companies. Miami has one of the greatest per capita rates of bitcoin ATMs, with 14.63 per 100,000 people, as well as one of the highest rates of public interest in cryptocurrency, with 210.28 Google searches per 1,000 persons for the topic of cryptocurrencies.

Florida achieved the highest cryptocurrency ranking of 9.35, followed by Texas and Illinois with 8.71 and 8.03, respectively. Vermont is the only state in the United States that does not have Bitcoin ATMs. Texas, on the other hand, has the largest network of encrypted ATMs in the United States, with 4,101 ATMs. Wyoming has the most blockchain enterprises per 100,000 people, with more than 20, while California has the most total, with 2,670.

Furthermore, nine states in the United States offer 0% capital gains taxation to investors, including Washington, Wyoming, South Dakota, New Hampshire, Alaska, Nevada, Texas, Tennessee, and Florida.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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