An interactive map showing the extent of global crypto interest reveals that Bitcoin related searches are highest in countries of Africa and South America.
In line with a recent map revealed by Blockchaincenter.net, Google Trends data revealed that Bitcoin [BTC] dominates search interest in Africa with 94.7% of all searches associated with cryptocurrencies – along with Bitcoin [BTC], Bitcoin Cash [BCH], Cardano [ADA], Dogecoin [DOGE], Ripple [XRP], Ethereum [ETH], IOTA, Monero [XMR], Litecoin [LTC],, and Tron [TRX]—in Kenya are for BTC, while in Nigeria along with South Africa had high percentages of over 89% & 89%, respectively.
Likelihood For Cryptos In Africa
The search revealed that countries in Africa may become key crypto players within the upcoming few years. As reported earlier in July last year, that the speaker of the Nigerian House of Representatives involved a substantive legal framework for the digital assets.
On the other hand, South Africa has 13% of cryptocurrency ownership in Africa, the very best among the web-users within the region. Earlier in April, the country’s financial regulator issued a policy document asserting that crypto assets and activities associated with the digital assets “can not remain outside of the regulatory vision.”
Bitcoin & The Ongoing Pandemic
South America had four countries within the top ten most ‘Bitcoin maximalist’ to Africa’s three. Brazil had the very best search interest in Bitcoin at 92.6%, while both Chile and Ecuador were roughly at around 89%. Argentina had rock bottom interest of the highest ten within the region at 87.7%.
The COVID outbreak appeared to spark a greater interest for cryptos within these nations. As reported in April that BTC P2P trading volume in Argentina, Chile, and Venezuela had reached all-time highs.
Venezuela didn’t make the highest ten on the aforementioned map, but BTC search interest within the region was still somewhere over 75%. This recent interest could also be due to the suspension of the country’s national banking sector as a part of quarantine measures.