Hard to track precisely but most estimates put it around 60-70% of total supply outside US borders. Asia holds a massive chunk especially China despite the mining bans and regulatory crackdowns they keep doing. Europe’s got decent adoption too and places like El Salvador obviously went all in
The tricky part is a lot of US holders use foreign exchanges or cold storage that doesn’t ping as “US-based” in the data. Plus you got all the lost coins from early days that could be anywhere or nowhere at this point. I remember reading somewhere that Chainalysis estimated only like 20% of supply is definitively traceable to specific regions which makes these numbers pretty rough guesses
1 Comment
Hard to track precisely but most estimates put it around 60-70% of total supply outside US borders. Asia holds a massive chunk especially China despite the mining bans and regulatory crackdowns they keep doing. Europe’s got decent adoption too and places like El Salvador obviously went all in
The tricky part is a lot of US holders use foreign exchanges or cold storage that doesn’t ping as “US-based” in the data. Plus you got all the lost coins from early days that could be anywhere or nowhere at this point. I remember reading somewhere that Chainalysis estimated only like 20% of supply is definitively traceable to specific regions which makes these numbers pretty rough guesses