5 States Where Bitcoin Is Most Popular — and 5 Where It’s Not

Core Insights - A new study from SmartAsset highlights regional differences in Bitcoin adoption across the United States, indicating that interest is not uniformly distributed [1][2] - The findings suggest that states with strong tech cultures, higher incomes, and comfort with digital innovation show higher levels of crypto participation [1][2] Regional Adoption - The study reviews IRS tax return data, identifying states where crypto activity significantly exceeds the national average, which is around the mid-1% range [3][4] - The top five states for Bitcoin popularity based on reported crypto transactions are: 1. Washington: 2.43% 2. Utah: 2.36% 3. California: 2.25% 4. Colorado: 2.17% 5. New Jersey: 2.15% [7] - Washington's leading position is attributed to its strong tech presence and higher-than-average incomes, while Utah and Colorado benefit from growing tech sectors and younger demographics [4][5] Characteristics of Top States - California's high engagement with cryptocurrencies reflects its long-standing association with innovation and tech culture, showcasing the financial literacy of its residents [5] - New Jersey's inclusion in the top five indicates that crypto enthusiasm is not confined to the West Coast and Mountain West, suggesting a broader appeal across different regions [6] - The common traits among these states include affluence, digital literacy, and early-adopter attitudes, which contribute to higher participation in crypto activities [6]