Top 5 Countries with the Highest Bitcoin Interest: El Salvador, Nigeria and More
According to CryptoPotato, El Salvador is at the top of the list of countries with the most interest in Bitcoin, according to Google Trends data. The Central American country made headlines in 2021 when it became the first country to officially recognize Bitcoin as legal tender. Since then, pro-Bitcoin political leader Nayib Bukele and his administration have outlined numerous Bitcoin-related initiatives, including a veterinary hospital paid for with cryptocurrency, volcano bonds, and mining with excess volcano energy. El Salvador currently holds $400 million worth of BTC.
Nigeria ranks second in terms of interest in Bitcoin, despite the government's earlier ban on banks serving cryptocurrency customers. The African country has been fighting galloping inflation for years and blames the cryptocurrency industry for the devaluation of its fiat currency. However, as many surveys have shown, Nigerians have always been fond of Bitcoin and other digital assets.
The other three countries in the top five are Liechtenstein, Switzerland and Austria, which are European countries with strong economies. Switzerland is known to be pro-crypto, with the product traded on multiple cryptocurrency exchanges in the Swiss market, a local bank offering staking for different assets, and the Canton of Zug allowing certain payments to be made with Bitcoin and Ethereum.
