Canada ranks fourth globally with the highest interest in Bitcoin
- Canada ranks fourth across the globe, with a total score of 35.49 out of a 100.
- Canada has the second highest Bitcoin ATM's across the globe behind America.
- Bitcoin is the most popular Cryptocurrency across Canada.
February 27, 2023 (Investorideas.com Newswire) Canada ranks as the fourth most Bitcoin-obsessed county in the world, according to a new study analyzing Bitcoin keyword searches, Bitcoin ATMs per country and crypto ownership percentages per country.
Cryptocurrency betting experts cryptobetting.org combined Google trends searches across the globe to see the highest number of countries searching for Bitcoin, alongside this we obtain data on how many Bitcoin ATMs there are in each country, divided by a population of 100 thousand. Lastly we obtain data on Crypto ownership per country. We used all these different metrics to build a 10 point scale and gave each country a rating out of a 100.
4. Canada - 35.49/100
Canada has emerged as a significant player in the world of Bitcoin, driven by its high adoption rate and infrastructure. The country ranks fourth among countries with the highest Bitcoin usage, with a significant percentage of its population owning cryptocurrencies, especially Bitcoin. This trend is further reinforced by the presence of a large number of Bitcoin ATMs, with over 2600 machines available for use in Canada, putting it at second place in terms of the number of Bitcoin ATMs per 100,000 population. All of these factors culminate in a score of 35.49 out of a 100, highlighting Canada's growing interest in digital currencies and its willingness to embrace the potential of this emerging technology. As Bitcoin continues to gain acceptance worldwide, Canada appears to be well-positioned to reap its benefits. .
Where do the other countries place on the list?
America places first on the list and is globally the country with the highest interest in Bitcoin, rounding out the top five is the El Salvador in second, Vietnam in third and Nigeria as fifth.
Commenting on the findings, a spokesperson for cryptobetting.org said: "In recent years, Canada has emerged as a leading destination for cryptocurrency and blockchain companies. The country's favorable regulatory environment, advanced technological infrastructure, and skilled workforce have all contributed to its attractiveness as a hub for cryptocurrency innovation."
The study was conducted by cryptobetting.org, which specialises in reviewing cryptocurrency betting websites.
If you would like to see the published study, please click here https://cryptobetting.org/blog/countries-with-highest-interest-in-bitcoin/
credit to https://cryptobetting.org/
Sources: Google Trends, CoinAtmRadar, TripleA Global Crypto Ownership data.
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
