According to Square's bitcoin sales data analysis since the first quarter of 2018, the number of Americans buying bitcoins has steadily increased. So far, US traders have purchased more than 60,000 bitcoins from the Square Cash app. On a quarterly basis, Americans have bought more Bitcoin regardless of the market conditions in the encryption field. According to data released by Square, the purchase of BTC in the United States has increased for five consecutive quarters. Some commentators believe that as the demographic structure of the US investment class changes, more funds will flow into the BTC.