Crypto Continues to Increase in Popularity Across the Globe
By Space Coast Daily // June 21, 2019
Haven’t hopped on the crypto train yet? You may be lagging behind your peers as digital currencies continue to increase in popularity in different parts of the world.
While Bitcoin and altcoins entered mainstream attention back in 2017, they were largely known by people living in first-world metropolitan areas. Particularly, Google searches for the word “Bitcoin” used to be dominated by cities in the US, Europe, and Australia.
But since then, more people have become aware of what cryptocurrencies are all about—and they feel eager to start converting their cash into virtual tokens.
According to Google Trends, Lagos and Nigeria are the two places where the term “Bitcoin” is searched from the most. This may come as a surprise, especially when considering that these two countries currently going through an economic crisis.
But perhaps that’s the same reason why people living there consider cryptocurrencies as a new investment vehicle. After seeing the meteoric rise in prices in 2017, countless people are hoping to catch the next ride toward a new all-time high.
Cryptocurrency experts believe that places that suffer from inflation prove to be excellent candidates for an emerging crypto market.
This is supported by the fact that cryptocurrency trading platforms such as Crypto Genius Test have seen an increase in users from countries outside the US and Europe.
For most beginners, using these trading robots is their easiest route to convert fiat into crypto, acquire new digital tokens, and experience what it’s like to see huge returns in a short period.
In the US, where cryptocurrency is already very popular, more people continue to show interest in buying Bitcoins and altcoins. Google Trends shows that searches for Bitcoin in the US still outperform popular celebrities including Kim Kardashian and Ariana Grande.
This only proves that people still have a positive outlook toward Bitcoin and other cryptocurrencies despite the relatively poor performance of the entire market in 2018.
Bitcoin now appears to pick up steam yet again, and the total market cap continues to step closer and closer to all-time high figures. Industry analysts have optimistic predictions for cryptocurrencies this 2019, which only spurs more people to invest their money in the hope of making both quick and long-term returns.
The same holds true for many altcoins, with some already doubling in value since the beginning of the year.
For beginners in the world of crypto, such an increase gives them encouragement, reminding them of the massive potential gains they can enjoy in crypto.
Of course, the flip side of the coin means huge risks as well. But people from Lagos, Nigeria, and other emerging markets still show signs that they’re the next biggest investors.
While investors from struggling economies may not be able to contribute as much as those living in first-world nations, they will still help the crypto market, if only for spreading the word and making more people realize the true potential of cryptocurrencies.
Perhaps more importantly, they’ll experience firsthand how crypto can influence the economy in third-world countries and how it can transform their lives.
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