Handful of Countries See Their Bitcoin Related Keyword Searches Skyrocket on Google Trends
Despite last year’s bear market and constant advice from the mass media saying that people should not buy Bitcoin, the world is still looking for this valuable asset.
In some countries, the look for Bitcoin on Google Trends has more than tripled. Here are the top 5 countries which are more interested in the market.
Nigeria is the country that is most interested in Bitcoin in the world. Why? Inflation, basically. While not at the levels that Venezuela is at the moment, countries with high inflation rates are prone to be on the lookout for good crypto deals.
Now, as the people from the African country have started to discover that they can use Bitcoin to shield themselves from inflation, the usage of this asset grows in the country.
Also, it is very easy to pay for things using Bitcoin in Nigeria since many e-commerce companies accept the token as a payment. Nigeria may see many benefits from this high adoption of Bitcoin.
Even with a population of only 17 million people, the Dutch seem to be very interested in what Bitcoin may offer. The country is hosting several meetings from developers, investors and the general public and awareness of cryptos is getting higher in the country.
People are even using Bitcoin to buy mansions, so the country is certainly very interested in what this industry has to offer to it.
#3: South Africa
South Africa is currently the country that uses cryptos the most. Each of every ten adults owns some Bitcoin in the country. BTC is seen as a practical way to send money abroad and this is why its adoption has skyrocketed.
There is not a lot of regulation in the country as well, which ends up making the whole operation of sending money abroad cheaper since no taxes are paid on it. Bitcoin is a very attractive investment in the country and, as the country seems to be on the verge of start the regulation, people’s fear of what will happen with their BTC may be an important part of the search for Bitcoin.
Austria has recently seen the Austria Blockchain Summit and it seems that this has inspired the local investors and developers to look for the asset.
Other than that, the country has generally shown some level of interest in cryptos, which may explain why a country that does not have such a large population appeared in the trends this time.
Finally, there is Switzerland. It is no secret that a blockchain hub is being created in the country, so it is also natural that people will have some interest in this new asset. The Swiss franc may be one of the most stable fiat currencies in the world, but there is money to be made with cryptos and the Swiss seem to know that.
Bitcoin is pretty easy to buy anywhere and a lot of merchants are accepting Bitcoin, so it looks like this country appearing in the top 5 is easy to explain.
Not The U. S., Russia, India And China
Despite having a far larger share of the world’s population, some of the most populous countries in the world are not so interested in Bitcoin at the time. The United States, Russia, China and India are not in the top 5.
This helps to highlight how the countries from the Top 5 are interested in Bitcoin because they have more searches than these huge ones.