According to Google Trends, Google’s global search for “Bitcoin” reached a 3-month all-time high. Current interest has been at the highest level since early August, when the value of BTC was around $11,700; today BTC is priced around $9,200.
Notably, Africa is home to three of the top five regions with the most keyword searches. Nigeria, South Africa, Austria, Ghana, and Brazil are the top five regions.
Earlier today, the Paxful peer-to-peer cryptocurrency trading platform said its volumes in South Africa have grown by 2.800 percent over the past year.
Google searches for “blockchain,” on the other hand, did not see any major leap in interest despite receiving praise from the President of China, who urged the nation to accelerate the development of blockchain technology.
Overall, the graph shows that the number of blockchain searches has been much more stable than those for Bitcoin, without any rapid increases or decreases, as compared to WeChat patterns, where “blockchain” and “bitcoin” searches soared, as reported yesterday.
Meanwhile, state media in China today reported that the country would adopt blockchain technology, but warned against “speculating” in cryptocurrencies like Bitcoin. Following the endorsement of blockchain technology by state authorities, stocks in Chinese blockchain A-share companies were up to their daily limit of 10 percent.
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