This country is the most obsessed with cryptocurrencies, according to Google Trends

Interest in crypto markets went mainstream after Tesla CEO Elon Musk announced that he was investing in cryptocurrencies in early 2021. Musk's constant tweets and talks about Dogecoin attracted millions of new and first-time cryptocurrency investors.

From the United States to Africa and Asia, investors appeared looking to make a quick buck. The markets had a bull run in 2021 but lost all the profits they generated this year. Most of the new investors are in loss while only some are enjoying profits. However, among all nations, one particular country seems to be obsessed with cryptocurrencies, according to data from Google Trends.

Africa's most populous country, Nigeria, is the world's most cryptocurrency-obsessed nation. Google searches for “buy crypto” or “invest in cryptocurrencies” are top in Nigeria. Google Trends data shows that Nigeria scored 371, the highest compared to other countries around the world.

Nigeria is full of both crypto investors and cryptocurrency related talent. The country produces talent for NFT, crypto and Web3 solutions and a large population provides services to offshore clients. In addition, construction is underway in Nigeria's financial center, Lagos the so-called Bitcoin Village.

The second most searched country for cryptocurrency terms on Google is the United Arab Emirates, and the third place belongs to Singapore. According to the Coingecko study, the United States is not even in the top 10 list.

Lebanon, Trinidad & Tobago and Pakistan are way ahead of the crypto craze than the US. Data suggests that developing countries are more interested in cryptocurrencies than developed countries.

"This study provides an interesting insight into which countries are most interested in cryptocurrencies despite the market downturn," concluded co-founder Coingecko. Bobby Ong.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.