Silicon Valley was the second-highest ranked U.S. hub in CoinDesk’s Crypto Hubs 2023. Several of the eight criteria were measured on a national basis, so all the U.S. hubs were hampered by a middling crypto regulatory score, a drivers criteria, which at 35% was the most heavily weighted overall. This poor performance was partially offset by the U.S.’s high crypto adoption score, another drivers criterion, represented 10% of the overall score. Among the U.S. hubs, Silicon Valley generally trailed Wyoming just a hair in opportunities, which is based on per-capita rate of crypto jobs, companies and events. Due to its high cost of living, Silicon Valley suffered from a lower quality of life score, weighted 15% and a measure within the enabler category. But the coastal Silicon Valley area had the upper hand in other enabler measures including digital infrastructure and ease of doing business.
Related posts
-
‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online... -
XRP Historic Moment Coming In 2025? This Crypto Exchange Believes So
In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding... -
Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential
The Best Wallet ($BEST) token presale continues to attract...