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.
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