Asia’s Bitcoin supply records new ATH while US, EU reserves shrink

Hull Invest

Bitcoin (BTC) supply in Asia has hit an all-time high (ATH) and now accounts for 7.3% of total bitcoin supply, while US and EU bitcoin reserves are negative year-on-year. increase.

Asian market

The chart below shows Bitcoin supply in Asia since 2010. Except for brief periods in 2016-2017 and 2020, the region has suffered negative supply levels.

Bitcoin supply in Asia
Bitcoin supply in Asia

Bitcoin reserves in Asia started above zero at the beginning of the year and reached ATH in November. The region currently holds his 7.3% of the total bitcoin supply, which equates to his 1,402,330 bitcoins.

US and EU

The EU and US continued to lose Bitcoin while Asia accumulated.


The chart below shows the growth of the EU Bitcoin reserves since early 2010. The region, like Asia, also struggled with below-zero supply levels, but performed relatively well through the second half of 2019.

Supply of EU Bitcoin
Supply of EU Bitcoin

EU bitcoin reserves hit ATH in late 2018, accounting for about 6.25% of total supply. However, this percentage has dropped to -2.5% in mid-2019 and -5% in 2020.

EU reserves recovered, reaching zero in mid-2020 before returning to -5% by mid-2021. Although it is currently recovering, it is around -1.25%.


Unlike Asia and the EU, the US has recorded a worsening scenario for Bitcoin reserves. As you can see from the chart below, US Bitcoin reserves were above zero most of the time between 2010 and 2016.

After dipping below zero in early 2016, it struggled to rise to the positive side until the end of 2020. However, the supply of Bitcoin in the United States is shrinking, even as it rebounds above zero in 2021.

US Bitcoin Reserves
US Bitcoin Reserves

US bitcoin supply ATH hit record high in 2011, accounting for nearly 30% of total supply. However, the US failed to sustain the positive supply levels he recovered in 2021 and fell below zero in early 2022. Currently, US Bitcoin reserves account for almost minus 8% of the total Bitcoin supply.

asian crypto

A recent survey puts Asia in the spotlight when it comes to increasing adoption of cryptocurrencies in Asia. A study by HSBC and KPMG revealed that a quarter of the 6,472 startups operating in the region are crypto-related businesses. Another report from July 2022 also concluded that Asia-Pacific is expected to see massive cryptocurrency adoption.

Key countries in the region also support these findings by taking significant steps to further increase crypto adoption.

Japan has decided to further increase adoption by creating better KYC rules and anti-money laundering measures to ease regulatory obligations and tax burdens and create a healthy environment for investors. I’m here. Additionally, the country is practicing using Central Bank Digital Currencies (CBDC) and the Metaverse to drive adoption.

Meanwhile, China may still hate cryptocurrencies, but a recent initiative in Hong Kong has raised questions among the community about whether China will use Hong Kong to catalyze the cryptocurrency market.

In July 2022, the Hong Kong Monetary Authority said that cryptocurrencies are likely to integrate with traditional finance soon. Hong Kong is also gearing up for its future by experimenting with CBDCs and releasing policy statements to regulate the use of crypto.

Singapore has made a name for itself as another crypto hub in the region. The country has been crypto-friendly for years and has established a strong base of cryptocurrency companies and enthusiasts. Despite the decision to tighten crypto-related regulations following the collapse of Three Arrows Capital, the country remains one of the world’s largest crypto hubs. Like Japan and Hong Kong, Singapore has also joined her CBDC and Metaverse projects to tighten regulations to encourage crypto adoption.

In addition to these countries, Vietnam, the Philippines, India, Pakistan and Thailand are among the top 10 countries with the highest adoption of cryptocurrencies, according to Chainalysis’ latest adoption report. In addition, Vietnam and the Philippines have emerged as his first and her second crypto-ready countries in the world.

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