By Andrei Skvarsky.
The United States is the country most interested in cryptocurrency and there is wide-scale interest in crypto in Asia but Europe is far less excited, according to online investment intelligence company Invezz.com.
India is in second place as regards interest in cryptocurrency, according to an Invezz.com study that evaluated the degree of interest in crypto in a country on the basis of how many Google searches for “cryptocurrency” had been made in it in a month and in a year.
The study covered 115 countries around the world from which Invezz.com selected 50 countries with the highest crypto interest.
Indonesia, Vietnam, the Philippines and Thailand are among the top ten on the 50-nation list.
Britain is third from top but Germany is 11th and France 17th while the majority of the European countries that are on the list are either around the middle or in the bottom half of it. This hold true for Western and Eastern Europe alike.
Russia is 22nd.
Nigeria is the leader in Africa.
In the Middle East, Saudi Arabia is 30th and the United Arab Emirates 32nd.
Brazil and Venezuela are the only Latin American countries that are on the list, the former being 21st and the latter 48th.
Invezz.com presents these findings in a report on its website in which it also tries to allay typical Googled fears about cryptocurrency, claiming that crypto is safe and a good investment.
Transaction and storage technology makes cryptocurrency absolutely fraud- and hack-proof. Digital currency is a good investment despite the volatility of crypto markets, the company argues.
Cryptocurrency is “arguably safer than any other form of money” as “all funds stored in cryptocurrency are secured by blockchain technology”, and cryptocurrency wallets “are so well encrypted that they are virtually impossible to hack into”, Invezz.com says.
It admits that crypto markets are “notoriously volatile” but argues that volatility is a feature of any new market.
In advocating cryptocurrency investment opportunities, the firm cites bitcoin as having been “among the best-performing assets of the past decade” with a price that has been “skyrocketing” in 2021.
In dismissing a common narrative among enemies of crypto, Invezz.com says that only a small percentage of crypto transactions have had money-laundering and other criminal goals and that they are “a drop in the ocean” compared to criminal deals in the world’s main currency, the U.S. dollar.
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