Google says these five countries are most interested in Bitcoin

shakirudeen taiwo

November 8, 2017 4:05 PM

Three of these countries are situated in Africa and the remaining two from Eastern Europe.

Across the world, more people are searching the internet for information on how to use Bitcoin or about investing in cryptocurrency.

According to a report by Google, searches for how to “buy bitcoin” is now a more popular search term than “buy gold.” This is not hard to understand considering Bitcoin in the last six month has increased by over 600 percent while Gold only appreciated by 11% percent.

As the virtual currency hits over $7,000 ($7,193 as at November 8, 2017), Google trend shows these five countries are the most interested in Bitcoin trading across the globe.

1. SOUTH AFRICA

The high interest of South Africans in trading virtual currency is not a surprise as the country is leading its integration in the country’s financial system.

South Africa has one of the most advanced financial systems across the globe, as most people in the county see the digital currency as an alternative to banks account and credit cards. There is Etheurum trading within the country which allows for direct trading of Bitcoin using Rand.

2. SLOVENIA

Eastern Europe is leading parts of the world with increasing interest in Bitcoin. Slovenia is one of the leaders in the push.

Bitcoin trading in the country also spiked in both price and volume within the last few month.

3. ESTONIA

Another Eastern European country looking into Bitcoin is Estonia. The country’s interest in embracing blockchain technology is also very high, thus explaining the increase in demand for Bitcoin.

4. GHANA

Bitcoin demand in Ghana has also surged in recent time. This is as a result of investment returns offered by the virtual coin.

There is a high rate of advertisement in the country about Bitcoin.

5. NIGERIA

For Nigeria, the popularity of Bitcoin is driven by both high advertisement and its high returns on investments. At present, there is widespread awareness about trading the virtual currency in Nigeria.

Also, Etheurum acceptance of Naira has also contributed to the growth of cryptocurrency in Nigeria.

shakirudeen taiwo

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Google says these five countries are most interested in Bitcoin