The Netherlands ranks as the most crypto-obsessed country in the world, according to a new study looking at cryptocurrency searches in 100 countries.
Cryptocurrency education platform CryptoManiaks combined monthly Google searches for ten of the most popular cryptocurrencies in the world's 100 most populous countries. They looked at the combined number of searches for these cryptocurrencies as a percentage of the population size of each country, to calculate the proportion of residents searching each month.
The Netherlands: 1,445,150 searches per month (8.2% of the population)
The Netherlands was found to have the highest global percentage of cryptocurrency searchers, with 1.4 million monthly searches, the equivalent of 8.2% of the country's population doing a cryptocurrency-related search each month. The largest proportion of these searches was for Bitcoin, averaging 964,000 searches per month.
Surprisingly, the second most searched coin in the country was the volatile meme coin, Dogecoin, which receives 201,000 searches per month, more than double the number of searches for Ethereum (99,000 monthly searches), which ranks third.
Turkey: 4,663,600 searches per month (5.5% of the population)
Turkey was ranked as the second most crypto-obsessed country, with 4.7 million searches per month, the equivalent of 5.5% of its population searching for crypto each month. Bitcoin was also the most searched cryptocurrency among Turkish residents, accounting for 68% of the country's total searches. Of all the countries in the study, Turkey is home to the biggest Dogecoin fans, averaging 812,000 monthly searches for the coin, more searches than any other country.
Germany: 4,236,800 searches per month (5.1% of the population)
Germany ranks third with 4.2 million monthly searches, or 5.1% of the population searching for the most popular cryptocurrencies. As the second most populous country in Europe, it mirrors the search habits of Turkey, with Bitcoin being the most searched cryptocurrency followed by Dogecoin and Ethereum respectively.
Canada: 1,671,800 searches per month (4.3% of the population)
Canada ranks as the fourth most crypto-obsessed country, with 1.7 million monthly searches, the equivalent of 4.3% of the country's population searching for the top ten most popular cryptocurrencies each month. With 1 in 25 Canadians interested in cryptocurrencies, Canada also follows the trend in which Bitcoin remains the most popular, with Dogecoin again overtaking Ethereum to take second place.
Czech Republic: 448,550 searches per month (4.3% of the population)
The Czech Republic, also known as Czechia, rounds out the top five most crypto-obsessed countries with a modest 448,550 searches each month. Czechia's smaller population size of 10.5 million allows it to rank high, which also sees 4.3% of its residents searching for popular cryptocurrencies each month. Bitcoin was the most searched cryptocurrency in the Czech Republic by a large majority, accounting for 359,000 of the monthly searches.
Where are the UK and US located?
United Kingdom
The United Kingdom was ranked 12th overall, with 1,753,000 cryptocurrency searches per month, the equivalent of 2.6% of the population searching each month.
USA
Despite having the highest overall total among all ten cryptocurrencies, with 6,546,100 searches per month, the United States ranked as the 15th most crypto-obsessed country when taking into account the size of its population, with only 1 .9% of the population looking for these cryptocurrencies.
“It will come as no surprise that Americans are frequent seekers of cryptocurrencies, a CryptoManiaks spokesperson commented.
“However, by considering how populous a country is, we can generate a much more accurate picture of a country's general interest levels in crypto. European countries tend to dominate the rankings, accounting for seven of the ten countries in the top ten.
“Interestingly, Dogecoin's popularity has surpassed that of Ethereum in a significant number of countries, with almost 2 million more monthly searches worldwide for the coin, considering searches in the last 12 months,” they added.
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