Interest in the crypto markets reached mainstream after Tesla CEO Elon Musk announced he invested in Dogecoin in early 2021. Musk’s constant tweets and interviews on Dogecoin attracted millions of new and first-time investors into the crypto fold. From the United States to Africa and Asia, investors from several countries popped up intending to make quick money. However, the markets experienced a bull run in 2021 but shed all profits it generated this year. Most new investors are at a loss, while only a few enjoy gains. Nonetheless, among all the nations, one particular country seems to be crypto-obsessed, as per data from Google Trends.
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Which Country Is The Most Crypto-Obsessed?
Africa’s most populated country Nigeria is the most crypto-obsessed nation in the world. Google searches for “buy crypto” or “invest in crypto” ranked at the top in Nigeria. Google Trends data shows that Nigeria scored 371 points, which is the highest compared to other countries across the globe.
Nigeria is plush with both crypto-obsessed investors and also crypto-related talents. The country produces talents for NFT, crypto, and Web3 solutions as a large population provides services to offshore clients. In addition, a Bitcoin village is also being built in Nigeria’s financial hub Lagos.
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The second most Googled country for cryptocurrencies is the United Arab Emirates, and the third spot goes to Singapore. CoinGecko conducted the study, and the United States is not even in the top 10 list.
Lebanon, Trinidad & Tobago, and Pakistan are much ahead of the crypto craze than the U.S. The data suggest that developing counties are more interested in cryptos than developed nations.
“The countries at the top of this list appear to be keenest to buy the dip, and highlight their long-term outlook for cryptocurrencies,” said Coingecko’s co-founder Bobby Ong. He continued, “This study provides interesting insight into which countries remain most interested in cryptocurrency in spite of market pullbacks.”
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