Bitcoin Search Interest Spikes in Africa and South America

Google trend information recorded by Blockchaincentre.net shows that the Bitcoin search interest is concentrated in Africa and South America worldwide through the internet. Kenya and Brazil lead in global search interest for cryptocurrency, with 94.7 percent and 92.6 percent respectively, according to the results.

Bitcoin Search interest in the African continent

The data means that in the cryptocurrency industry, both Africa and South America could potentially become critical players.

The site ‘s data map, claims that Bitcoin search interest dominates Africa. According to the data, 94.7 percent of Google searches are dominated by East African nation, Kenya, for all cryptocurrencies in the world, including Bitcoin, Bitcoin Cash, Cardano, Dogecoin, Ethereum, IOTA, Litecoin, Monero, XRP, and Tron,

African countries follow the trend in Africa with 89.4 percent and 89 percent respectively, Nigeria and South Africa follow. The speakers of the Nigerian House of Representatives proposed a firm regulatory structure for the digital currencies in the West African nation back in July 2019.

Additionally, the cryptocurrency industry is also becoming serious about South Africa, which owns about 13 per cent of the continent’s crypto-wealth. In April, the financial watchdog of the country released a policy paper stating that virtual assets and industry-wide activities “can no longer remain outside the regulatory perimeter.”

Bitcoin, the answer to COVID-19?

In the top ten countries with the highest search interest in bitcoin, four nations represent South America compared to the three in Africa. Brazil leads with a Bitcoin interest search of 92.6 percent in South America; followed by Chile and Ecuador with approximately 89 per cent. Argentina comes last with 87 per cent interest among the continent ‘s top ten.

Additionally, the COVID-19 pandemic appears to have triggered interest in the countries mentioned. Back in April, P2P bitcoin trading volume reached record high in Argentina , Chile and Venezuela. Nevertheless, in the top ten nations with the highest bitcoin search interest on the map, Venezuela has been unable to make it.