Texans are taking up Bitcoin in droves with 8% of adults already owning it, new data by Finder.com shows.
Kyle Murphy is among the Texans who currently own the most popular form of cryptocurrency. He made a recent move to Austin because of the potential he saw in the city’s Bitcoin scene, even founding an accelerator called Pleb Lab that aims to support Bitcoin-centered startups.
“I landed in Austin specifically because I believe there is nowhere on Earth at the moment that has a higher per capita population density for people who are Bitcoin focused.”
When it comes to cryptocurrency at large, Austin has come out as a leader in the Texas job market. Still, it falls behind other places like the Bay Area where there are sweeping crypto opportunities.
To Murphy, however, the Bay Area has “a bunch of crypto nonsense.”
“If you’re just looking for people who really kind of understand and get Bitcoin, especially the people who are Bitcoin developers, they’re all in Austin right now,” Murphy said. “And more of them are moving here every day.”
But there are some differences among various demographics who have Bitcoin.
Finder’s cryptocurrency editor, Keegan Francis, says young adults will drive crypto adoption this year.
Bitcoin ownership among people 18-34 could hit 17-18% by the end of the year, and Finder also expects to see growth in the 35-55 age group.
Crypto has generally been more popular among men, and Bitcoin is no exception.
“Men in Texas are much more likely to own Bitcoin than women—11% compared to 5%,” Francis said. “The difference between the number of men and women who own Bitcoin is expected to widen this year with slightly more men planning to become Bitcoin owners.”
When it comes to the growing adoption of Bitcoin, Murphy points to commerce as being overlooked. After a block party he put on in December, he noted places like the Tipsy Alchemist became part of the 33% of Rainey Street that started accepting Bitcoin. He also noted local ranchers who accept Bitcoin and how he’s in the process of getting a diesel mechanic on board to accept Bitcoin.
More businesses are starting to accept Bitcoin. (CC)
For Murphy, whose only form of finance is Bitcoin, he sees promise in more businesses accepting it as a form of payment and the public’s growing use of it. Finder estimates Texan Bitcoin owners could grow to 14% by the end of the year.
“If we’re talking about my worldview of Bitcoin, I would say generally, that I believe the last discovery that human beings came upon that was as big as the discovery of Bitcoin was probably fire.”
For the crypto curious, Finder recommends comparing exchanges, and if you need more tips, Austonia has a mini-guide on getting started with investing.
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Over a year after they took the stage for the first time in Los Angeles, Austin FC returned to Banc of America Stadium to snatch the No. 1 spot from LAFC in a 2-1 statement win late Wednesday night.
Austin FC, which has flirted with the top spot in the MLS West this season, has now solidly reached the summit just a year after its second-to-last first season finish. The new top dogs are now 7-2-3 overall.
Here's a look at three highlights from the match:
Flashback in LA
For many Austin FC fans and naysayers alike, the match was more than a fight for the MLS West throne: it also served as a symbol of how far the team has come.
The two clubs first met on the Banc of America pitch as Austin FC saw its first game and first loss all at once in a 2-0 battle last April. It was an exciting but shaky start to the club's first season, and the loss seemed to set the tone for the rest of its inaugural year as the club dipped to second to last in the conference.
If Austin's first season was hallmarked by its first match, then its second-year success was foretold by its back-to-back five-goal victories to kick off the season.
Since then, the club has battled its own first-year shadow, claims of "bonus games" and a few unexpected obstacles—both on and off the pitch—but it has almost always come out on top.
That fight to the top was fully realized Wednesday, even as the club played its toughest opponent yet. Even with a man down in the middle due to Daniel Pereira's red card last game, the club kept its cool through even the trickiest moments of the match. Jhojan Valencia, who patched the Pereira hole in midfield, got his first MLS start and first MLS assist as Ruben Gabrielsen scored the first goal of the game.
Gabrielsen came to Austin FC as a potential hero for the team's center back position, but the club's resident Viking has already nabbed two goals in his first season with the team.
"That's center forward material," Austin FC announcer Adrian Healey said as Gabrielsen took control of Valencia's pass, paused to fake out the defense, and calmly tucked the ball into the left corner to complete the first goal of the match.
Even as LAFC dominated possession for much of the match, Austin FC saw another wide-open goal opportunity crumble as midfielder Diego Fagundez's shot hit the corner goalpost in the 23rd minute.
But Fagundez wasn't finished. The midfielder was short on his Verde hair dye but full of surprises as he nimbly sunk a shot over LAFC defense to make it 2-0 with 10 minutes to go.
Fagundez, who has spent more time setting up goals for his teammates (becoming the No. 1 assister in the MLS in the process), finally took the center stage with his second goal this season.
Owen Wolff, head coach Josh Wolff's own son, had a scoring opportunity of his own foiled by the goalpost as he started his first MLS match as one of the youngest starters in the league this season.
But Austin FC wouldn't score again; instead, LAFC powerhouse Carlos Vela made the win a bit trickier in the 86th minute as he got past Austin keeper Brad Stuver to cut the lead in half. The other Wolff quickly subbed in a five-prong defense as the club kept steady for the final 10 painstaking minutes to win the match.
BONUS: Stuver's career-making match
Six saves on the night in LA for Brad Stuver! 🚫 pic.twitter.com/02V6hcUd3Y— Major League Soccer (@MLS) May 19, 2022
After two weeks on the bench due to a knee gash, Austin's star keeper Brad Stuver had the Stuver-iest match of all time (yes, we're making it a word) as he pulled off six saves to help his team to No. 1.
Stuver looked like a pinball machine as he pulled off save after save with his feet, hands and body to keep it nearly 100% clean on the back end.
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Experience luxury grooming the old-fashioned way at a revival of the Driskill Hotel’s early 1900s barbershop put on by Austin-based Finley’s. The pop-up will offer men’s haircuts, beard trims, hot towels, neck massages and straight razor shaves. Click here to book an appointment.
9 a.m.-6 p.m. Friday-Sunday | The Driskill Hotel, 604 Brazos St.
Catch veteran Australian comedian Hannah Gadsby touring with her newest show, “Body of Work,” written while she pondered the effects of the pandemic. Tickets are still available in the orchestra section, starting at $60.
Doors at 6 p.m. Friday | The Paramount Theatre, 713 Congress Ave.
Alexander James O'Connor, AKA Rex Orange County, is returning to Austin to perform his newest album, “Who Cares?” Tickets are still available starting at $49 each.
Doors at 7:30 p.m. Friday | Germania Insurance Amphitheater, 9201 Circuit of The Americas Blvd.
Catch our local Minor League team play against the El Paso Chihuahuas at home this week. Tickets start at $22.
Starting 7:05 p.m. Friday | Dell Diamond, 3400 E Palm Valley Blvd.
Enjoy a night of indie-pop from Grammy-winning producer Jack Antonoff, whose stage name is Bleachers, from the intimacy of Stubb’s. Tickets are still available starting at $33.Starting 7:05 p.m. Saturday | Stubb's Waller Creek Amphitheater, 801 Red River St.
Catch the groovy, Bastrop-born brothers are taking their rightful place on stage with soulstress Latasha Lee at Antone’s. Arrive early, seating fills up quickly! The show is 21+ and tickets start at $15.
Doors at 7 p.m. Saturday | Antone's Nightclub, 305 E 5th St.
Famous former Longhorns Emmanuel Acho and Matthew McConaughey are joining forces for a Q&A about catching greenlights and living a limitless life. Each ticket will get the holder a copy of Acho’s new book, “Illogical: Saying Yes to a Life Without Limits.” Tickets are $39 per person.
1:15 p.m. Sunday | LBJ Auditorium, 2313 Red River St.
Austin FC is facing off against Orlando City at the biggest party in Austin, Q2 Stadium. Tickets are still available starting at $65 but ticketless Verde fans can still support at one of the many Pub Clubs.7 p.m. Sunday | Q2 Stadium, 10414 Mc Kalla Pl.