According to a recent Crypto Google Search study, Nigeria has the highest scores for most cryptocurrency-related searches, while South American countries have the lowest scores.
It seems people aren’t interested in reading about cryptocurrencies these days as online searches for “crypto” and other popular cryptocurrency terms have recently dropped to late 2020 levels.
Moreover, the searches on the artificial intelligence it has receipt New record. Over the past few months, the word “AI” has seen an exponential increase in searches on Google and has been billed as the latest tech fad after cryptocurrency and the Metaverse.
According to Google Trends data, the term “crypto” currently has a score of 17, which is well below the reference point of 100 in May 2021. Bitcoin and Ethereum have also fallen significantly. Search interest for these terms has been declining since May 2022, a month after the Terra Luna ecosystem collapsed. However, the somewhat unofficial shutdown of FTX increased people’s interest in cryptocurrency in November last year.
Another indicator called Crypto Fear and Greed Index tells a similar story, with market opinion converging on the current score of 53 (which is neutral territory) for a month.
Two months ago, financial services firm Brown Brothers Harriman (BBH) unveiled its 2023 Global ETF Investor Survey, surveying 325 institutional investors, financial advisors and fund managers from the US, UK, Europe and China for its collection. data. The research shows that institutional interest in cryptocurrencies has not changed even as the market is down 60% from its all-time high, with most asset managers eyeing crypto-themed ETFs.
The research mentioned that about seventy-five percent of institutional investors said they were very interested in crypto-exchange-traded funds, but that the implications of the crypto-winter had dampened their spirits in some way. About 25% of people said they expect the number of exchange-traded funds to increase over the next 12 months.
According to a recent Google search for cryptocurrency, Nigeria has the highest scores for most cryptocurrency-related searches, while South American countries have the lowest scores.
However, the results were different in China, where the use of Google and cryptocurrency has been restricted. The search engine widely used in the country is Baidu and Google searches tend more towards AI than Bitcoin
While AI and Bitcoin are different technologies, they both had a similar journey starting out as misfits and have gone on to completely revolutionize the field of technology. As the world moves into the digital space, artificial intelligence and cryptocurrency are evolving into an entire phenomenon of their own.
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Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of financial markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.