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A comment on Founder of crypto lender Celsius Network arrested, charged with fraud. Parent comment

Re:Founder of crypto lender Celsius Network arrested, charge... by herbst on Friday July 14, 2023 @09:39AM (#36723863)
> I could not even fathom why you would want to be holding onto even Bitcoin or Ether right now.

The US is not the world. There is far more usage and legit use of crypto than whatever US regulators seem to think.

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Re:Founder of crypto lender Celsius Network arrested, charge... by bdcravens on Friday July 14, 2023 @09:48AM (#36723990)
True, but like in many things, it makes up a significant amount of the the market. What happens in the US will affect the market rate worldwide.
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Re:Founder of crypto lender Celsius Network arrested, charge... by herbst on Friday July 14, 2023 @09:57AM (#36724118)
Got me curious now, indeed a lot of people in the US have crypto however on the big scale the US is just a small fraction Of all crypto holders.

Assuming that in a lot of these countries crypto is no big issue and others have long banned it and still a huge adoption I really doubt the US alone would make a huge lasting dent banning it.

* https://triple-a.io/crypto-ownership-data/

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Re:Founder of crypto lender Celsius Network arrested, charge... by bdcravens on Friday July 14, 2023 @10:36AM (#36724598)
Focusing strictly on the number of users tells only a small story, as a "user" can hold the tiniest percentage.

Overall value by country tells a more complete story; the US by far has the highest value traded.

https://originstamp.com/blog/the-top-10-countries-that-use-c...

https://www.statista.com/statistics/1195753/bitcoin-trading-...

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