Since Donald Trump won the presidential election in 2024, the race for Bitcoin adoption has accelerated, with many countries integrating cryptocurrency into their economies as both an investment and a payment gateway.
Bitcoin Adoption Race
Recent data shows that the U.S. holds the lead in Bitcoin adoption, with 65% of the cryptocurrency held by American entities. Bitcoin ETFs and corporate interest, such as that from Microstrategy with its 444,000 BTC holdings, have significantly contributed to this dominance.
U.S. State Legislative Initiatives
Various U.S. states have begun drafting their own strategic Bitcoin reserve legislations. Once passed, these laws will allow states to start purchasing Bitcoin, reinforcing the U.S.'s position in the global crypto race.
The Bitcoin Freedom Act
The Bitcoin Freedom Act, recently introduced in Oklahoma, will enable residents to make purchases with BTC. Employers may also offer to pay salaries in Bitcoin. Senator Dusty Deevers, a proponent of this act, views Bitcoin as an alternative for wealth preservation.
These initiatives reflect the U.S.'s readiness to incorporate Bitcoin into its financial framework, potentially boosting the global role of cryptocurrencies in 2025.
