An interactive map showing the level of cryptocurrency interest worldwide reveals that Bitcoin searches are most concentrated in countries in Africa and South America.
According to the map published at Blockchaincenter.net, Google Trends data shows that Bitcoin (BTC) dominates search interest in Africa. 94.7% of all searches related to cryptocurrencies—including BTC, Bitcoin Cash (BCH), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), IOTA, Litecoin (LTC), Monero (XMR), XRP, and Tron (TRX)—in Kenya are for Bitcoin, while Nigeria and South Africa had high percentages of 89.4% and 89%, respectively.
Crypto adoption in Africa
The search indicates countries in Africa may become key crypto players in the future. Cointelegraph has reported that the speaker of the Nigerian House of Representatives called for a substantive legal framework for cryptocurrencies in July 2019.
However, South Africa has 13% of cryptocurrency ownership in Africa, the highest among internet users in the region. In April, the country’s financial regulator issued a policy document asserting that crypto assets and activities relating to virtual currencies “can no longer remain outside of the regulatory perimeter.”
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South America had four countries in the top ten most ‘Bitcoin maximalist’ to Africa’s three. Brazil had the highest search interest in BTC at 92.6%, while both Chile and Ecuador were roughly 89%. Argentina had the lowest interest of the top ten in the region at 87.7%.