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A wave of curiosity for Bitcoin has seen an increase of 49%, with Google Trends recording a significant rise at the end of October. Specifically, regional analyses reveal how El Salvador and Nigeria are leading this growth. Let’s see all the details below.  A peak of curiosity for Bitcoin emerges at the end of October according to Google Trends  The global interest in Bitcoin has seen a significant increase in the last days of October, with data from Google Trends highlighting a growing curiosity among users worldwide. In particular, on October 30, the keyword “Bitcoin” scored 51 on a scale from 0 to 100, representing a significant change compared to the recent period of low search activity.  The upward trend began on October 27, confirming that the interest in Bitcoin not only persists but can quickly intensify. The analysis of the main regions offers an interesting insight. El Salvador, the first country to adopt Bitcoin as legal tender, leads the global ranking, followed by Nigeria.  Both nations show a constant interest in Bitcoin, despite the fluctuations at the global level.  The continuous presence of El Salvador as a leader in searches reflects not only the importance of institutional adoption of the cryptocurrency, but also the curiosity and commitment of the population towards financial innovation. Nigeria, on the other hand, is firmly in second place, a clear indicator of the strong demand and involvement of the local public in cryptocurrencies.  The popularity of Bitcoin in Nigeria is influenced by a market where decentralized financial solutions have become a necessity, given the instability of the local currency and the limitations of traditional banking systems. Short and Long Term Data An analysis of Google Trends data shows how searches for “bitcoin” can be influenced by price movements.  On October 29, the term reached…

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Filed under: News - @ November 7, 2024 5:26 pm