3.3% of Germans say that they would “rather” or “definitely” invest in Bitcoin. In December 2017, this share was around 15%, as can be seen on a new infographic by Kryptoszene.de. The research also shows that the Google search volume for the term “bitcoin” is currently relatively low.
Since December 2017, the proportion of people who consider buying Bitcoin has significantly decreased. The number dropped by 78%, according to data provided by Civey.
One look at Google search volumes over the past three years shows that the demand for the cryptocurrency is significantly lower here as well. The worldwide demand for “bitcoin” has a Google trend score of 12 in the third week of April (100 stands for the greatest possible relative search interest).
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Bitcoin Popularity Varies by Country
Meanwhile, the analysis of the search engine data shows that, over a 3-year period, the interest in the cryptocurrency was the highest in Nigeria. The fact that the cryptocurrency enjoys a high demand in this country, not least because of the actions of the Boko Haram, could indicate that BTC can serve its purpose as a crisis currency. Next goes South Africa – another country on the African continent.
Germany ranks 12th in a country ranking by bitcoin popularity. The Google trend score for “bitcoin” is at 53. In Austria, interest in BTC is the third-largest in the world.
The infographic shows that fewer Germans seem to be inclined to invest in cryptocurrencies like Bitcoin. However, the data also indicate that investors still place their trust in the digital currency. 63% of wallet owners store bitcoins for at least one year. The tokens, in comparison, are stored on the wallet for an average of 2.9 years.
