Judging from the current attitudes of presidential candidates towards encryption, the supportive stance of the two parties in the United States towards the encryption industry in May this year, and looking back at the previous strict supervision of the encryption industry by the United States, it can be clearly felt that the strict supervision of the United States is ostensibly to safeguard the interests of Americans and prevent financial risks, but in fact it also puts the control of the encryption industry in its own hands. After gaining power, the industry development will be supported by loose policies to ensure that "Web3 happens in the United States".
At present, the penetration rate of the encryption industry in the United States is extremely high. According to TripleA data, the United States has more than 52 million cryptocurrency users, ranking first in the world. In the United States, cryptocurrencies are mainly held by the wealthy class, and most holders have high education. The United States is also the government with the most Bitcoin. From the perspective of computing power, the United States holds nearly 40% of Bitcoin's computing power, ranking first. The virtual currency spot ETF launched by the United States has the largest amount of funds.
In terms of crypto venture capital, according to Galaxy Digital data, there are 324 venture capital companies focusing on cryptocurrencies in the United States, far exceeding the 66 in Singapore, which ranks second. As encryption and the country are increasingly bound together, the encryption industry has undoubtedly moved away from the original intention of Satoshi Nakamoto when he wrote the code in 2008. With the support of national governments, Bitcoin will become more and more mainstream. Although the Bitcoin code will not be changed, Bitcoin will eventually be incorporated into traditional finance and recruited by the country it originally tried to fight against.
