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While the media warns people not to buy Bitcoin, the number one cryptocurrency just exploded during its 2019 ATH. The number of Google searches for Bitcoin also explodes, especially in these five countries.
1. Nigeria
A quick look at local Bitcoin trends around the world will quickly show you that BTC is an ideal use case in countries where inflation is rampant and governments are dubious. Venezuela, Turkey, Kenya and Nigeria have all begun to realize how to protect their wealth from devaluation by buying Bitcoin.
This may be unstable, but even a fall of more than 80% in one year is nothing compared to Venezuela's 95% in 24 hours or sudden unpredictable drops in Nigeria.
It is also relatively easy to pay for things in Bitcoin Nigeria with plenty of options for its citizens, including traditional e-commerce chains.
Finally, the Blockchain Conference in Nigeria, held in Lagos on April 5, could also have accelerated this research. Again, this could simply be the fact that well-informed Nigerians are gearing up for the next bull race.
2. Netherlands
The Dutch are starting to take a serious interest in Bitcoin. Second on the list with a population of only 17 million.
Why are Google searches for Bitcoin jumping like crazy here? One possible factor could be that the scene is developing in the Netherlands. There are countless events and meetings expected on the blockchain for developers, investors and the general public.
Brock Pierce made the headlines for buying a $ 1.2 million Amsterdam mansion in Bitcoin.
There is also the European Payments Summit later this month and TNW's mega technical conference in May with the blockchain track at Hard Fork. The price increase BTC? It may also have something to do with it.
3. South Africa
South Africa is pave way for the use of Bitcoin, the world's number one with about 10% of its population possessing any kind of cryptocurrency.
Citizens here found in Bitcoin's purchase a convenient way to send money abroad and receive remittances for a reduced fee. With little regulation in the country on cryptocurrency, they also see it as an attractive investment vehicle. This could explain Google's increase in bitcoin searches.
However, as Crypto Assets Group formed by SARB wants to implement more stringent KYC / AML requirements this month, perhaps its citizens are also seeking to know the fate of bitcoins on their land.
4. Austria
With the Blockchain summit in Austria In full swing last week, attracting speakers, investors and delegates from around the world, the conference put Vienna on the map.
An important event on the blockchain often has an effect on the general interest and often on the price of bitcoin. In Austria, he seems to have done both.
It will be interesting to see where France will appear on the Google search list for Bitcoin next week with the launch of Blockchain Week in Paris.
5. Switzerland
It is safe to say that most Swiss people do not use Bitcoin to protect themselves against an unstable currency. The Swiss franc is one of the the most stable fiduciary currencies in the world.
As a result, it is more likely that Crypto's land and home, where Xapo, Bitcoin's biggest guardian, is living, is starting to buy the momentum gained by Bitcoins.
Already the general public is pretty well educated on Bitcoin here. You can buy BTCs at each station. There are Bitcoin ATMs in this small country, the Zurich luxury hotel Dolder Grand has just announced that it will accept payments in Bitcoin and, of course, Switzerland is home to the famous Crypto Valley.
The Swiss company "Amazon" Digitec-Galaxus has also started accepting Bitcoin for payments last month.
Is the Alpine nation starting to feel FOMO?
Does the increase in the price of the BTC stoke interest again for Bitcoin? Share your thoughts below!
Pictures via Shutterstock
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