Report: Crypto Investment Wealth Is Highest in San Francisco Bay Area

Crypto taxation tool CoinTracker has released a report comparing the prevalence of cryptocurrency ownership across major cities in the United States. The report is based on user data that CoinTracker has been collecting since 2013.CoinTracker found that the top four ranked cities by average crypto portfolio size are all in California’s San Francisco Bay Area, with San Francisco proper at approximately $55,000 followed by Palo Alto with $39,000, Oakland with $35,000 and San Mateo with $30,600.Only four cities outside of California are home to investors whose average crypto holdings exceed $20,000 in the U.S. — with Seattle, New York, Tampa, and Pittsburgh investors holding between $27,000 and $21,000 on average.Concentration of investorsThe findings also show a significant conce...