New data ranks Bitcoin adoption by US states, and the wealth gap is showing
The article is mainly a market-adoption and regulatory landscape update for Bitcoin and the broader crypto sector. New data shows Washington leads U.S. states in reported crypto activity, with 2.43% of 2022 tax returns indicating involvement, while Utah ranks second at 2.36%. California dominates Bitcoin and Ethereum web-traffic interest, highlighting strong user engagement despite not leading IRS-reported adoption. The piece also underscores a pronounced wealth gap: households earning $500K+ show 5.55% crypto participation versus 1.27% for households earning $1K-$75K. Separately, the article notes that over 30 U.S. states have filed bills to create strategic Bitcoin reserves, signaling growing policy support. Overall, the tone is constructive for Bitcoin adoption, but the story is mostly about adoption metrics and policy trends rather than price action.