Worldwide Bitcoin Adoption: Countries With Peak Google Search Interest in 2022
“How to Buy Bitcoin” searches have remained high in Nigeria since 2017. Other countries also showcase growing trends despite hiccups.
Worldwide adoption of Bitcoin started with countries resisting the control of their centralized fiat currencies. Nigeria, El Salvador, Ghana, and more have witnessed a growing trend for “How to buy Bitcoin” Google searches for over five years now despite some hiccups.
Bitcoin, the largest cryptocurrency, has had an exciting journey since its inception. Starting from being valued at less than $1, it reached an all-time high of $69,000 in 2021. However, in the bear market that followed, it slipped back to trading for $17,000. Over the years, Bitcoin has weathered several of these crypto winters. It has even been proclaimed “dead” more than 400 times.
Google search trends still strongly correlate with BTC price movements. The graph below shows the past five years for BTC in terms of price vs. Google searches.
The popularity and hype of Bitcoin throughout its different bull cycles have created stirs in regions across the globe. This can be seen with the “how to buy Bitcoin” search query, which not so surprisingly skyrocketed in 2017 and at the end of 2020.
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