Tuesday , March 9 2021
Home / Bitcoin (BTC) / 4 Countries Where Bitcoin Searches Hit ATH In Early 2021

4 Countries Where Bitcoin Searches Hit ATH In Early 2021

Summary:
With BTC’s price exploding to new highs, the asset’s popularity has grown globally. Google searches for Bitcoin have reached ATH records in several countries, including Chile, Nigeria, Argentina, and Colombia. Interestingly, the trading volumes from most of these nations have also increased lately.Google Searches of BTC To New ATHs In Several CountriesAlthough the worldwide Google searches for the primary cryptocurrency failed to hit a new all-time high amid BTC’s price record of ,000, citizens based in at least four countries have enhanced their BTC searches to record levels.Google trends data shows that Bitcoin’s popularity has seen new highs on Google from Chile, Argentina, Colombia, and Nigeria.Bitcoin Google Searches In Argentina. Source: Google TrendsGoogle Searches In Colombia.

Topics:
Jordan Lyanchev considers the following as important: , , , , , , ,

This could be interesting, too:

Daniel Okorafor writes It’s Official: PayPal to Acquire Crypto Custodian Curv

Jordan Lyanchev writes Brad Garlinghouse: XRP Will Continue Trading Even if Ripple Goes Away

Jordan Lyanchev writes Dogecoin is Everywhere: from Elon Musk to Mark Cuban to John McAfee

Jordan Lyanchev writes Another One: Galaxy Digital and CI GAM to Launch a Bitcoin ETF in Canada Tomorrow

With BTC’s price exploding to new highs, the asset’s popularity has grown globally. Google searches for Bitcoin have reached ATH records in several countries, including Chile, Nigeria, Argentina, and Colombia. Interestingly, the trading volumes from most of these nations have also increased lately.

Google Searches of BTC To New ATHs In Several Countries

Although the worldwide Google searches for the primary cryptocurrency failed to hit a new all-time high amid BTC’s price record of $42,000, citizens based in at least four countries have enhanced their BTC searches to record levels.

Google trends data shows that Bitcoin’s popularity has seen new highs on Google from Chile, Argentina, Colombia, and Nigeria.

Bitcoin Google Searches In Argentina. Source: Google Trends
Bitcoin Google Searches In Argentina. Source: Google Trends
Google Searches In Colombia. Source: Google Trends
Google Searches In Colombia. Source: Google Trends

Citizens from these countries have also proven that their interest doesn’t stop with just typing “Bitcoin” on the world’s most popular search engine. Peer-to-peer trading data shows that they have started to allocate more funds into the cryptocurrency.

CryptoPotato reported recently that Nigeria became the second-largest Bitcoin P2P market in the world. Locals employ the digital asset for its intended purpose by the anonymous creator Satoshi Nakamoto – to serve as an electronic peer-to-peer cash system.

PayPal and other payment options still lack in their development in the country, which also drives citizens to turn to the cryptocurrency for fast and cheap transactions.

BTC’s Presence In South America

Apart from the high trading volumes in the African nation, BTC has enjoyed a popularity boost in several South American countries, as mentioned above.

The trading volumes on LocalBitcoins in Colombia surged to the second-highest level during the first week of January, only trailing to the week prior to the 2020 halving.

Apart from BTC’s expanding price, the interest could also be attributed to economic uncertainties prompted by the COVID-19 pandemic, protests from rural communities against murders, and the growing number of killed females – also known as Colombia’s femicide.

Bitcoin P2P Trading Volume On LocalBitcoins Colombia. Source: CoinDance
Bitcoin P2P Trading Volume On LocalBitcoins Colombia. Source: CoinDance

Bitcoin P2P trading volume reached a new ATH in early January in Chile of about 800 million pesos. The nation also suffered the financial consequences of the COVID-19 pandemic, which harmed its citizens. The central bank published a report last year projecting the worst GDP in 35 years.

Nevertheless, Foreign Minister Andres Allamand recently reassured that the country has the “macroeconomic and fiscal soundness” to ensure a partial recovery in 2021.

2

Bitcoin P2P Trading Volume On LocalBitcoins In Chile. Source: CoinDance
Bitcoin P2P Trading Volume On LocalBitcoins In Chile. Source: CoinDance

Although the trading volumes in Argentina have failed to reach the highs from mid-2020, the nation has also enjoyed a steady increase in BTC allocations.

Argentina’s GDP also felt the adverse effects of the virus as it shrunk by 10.2% in Q3 alone and even more on a yearly basis.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *