Which European country is seeing the most interest in cryptocurrencies, is the Czech Republic in the top 10? – Study

According to research by Dua Crypto, the Netherlands ranks among the European countries with the greatest interest in cryptocurrencies. Russia (where the local central bank has a largely negative view of the asset class) is at the bottom of the list. But we are most interested in where the Czech Republic ranks, and it is not as bad as many might think.

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Which European country has the most interest in cryptocurrencies and how was the study conducted?

To create the European Cryptocurrency Index, Dua Crypto analyzed 40,512,430 Google search queries across Europe, taking into account the 191 most significant cryptocurrency-related keywords.

As many would expect, the most popular cryptocurrency in all European countries is Bitcoin, dominating the top spot in 35 out of 46 countries. Dogecoin is the second most popular cryptocurrency in more than half of European countries, with Shiba Inu following closely in third. Ethereum is perhaps surprisingly up to fourth place in the ranking of the most popular cryptocurrencies.

Studies estimates, that residents of the Netherlands conducted the highest number of cryptocurrency-related searches per capita (0.1299). The leading digital asset by market capitalization – Bitcoin – is popular with locals, while the popular memecoin – Dogecoin – and Cardano are second and third.

Slovenia came in second with 0.1181 searches per capita, while Switzerland rounded out the top three with an index of 0.0888. Bitcoin, Dogecoin, and Ethereum are the most popular digital assets in both Alpine countries.

This is not the first time Slovenia has made headlines. Fast Private Jet Airline carried out global study It has been named the most cryptocurrency-friendly nation, as it has the most places where digital currencies are accepted as a payment method. Its capital, Ljubljana, is also the most welcoming destination in Europe for blockchain businesses.

How is the Czech Republic doing?

The Czech Republic ranks 10th with a monthly search volume of 676,860. The number of searches per capita is 0.0645, with the 3 most popular cryptocurrencies being Bitcoin, Dogecoin and Ethereum.

Dua Crypto found that Russia is the country with the least interest in cryptocurrencies in Europe (0.0050 searches per capita). The authorities there are not entirely open to the asset class, the central bank for them last year even proposed a complete ban.

Belarus and Moldova (former states of the Soviet Union) are also at the bottom of the list with indices of 0.0080 and 0.0069.

And what about on a global scale?

Cryptocurrency price tracker CoinGecko recently published a similar study and estimatesthat Nigeria is the most curious country in the world when it comes to cryptocurrencies. In second and third place were the United Arab Emirates (UAE) and Singapore, which have recently begun working to become blockchain hubs. 

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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.