Tuesday, 30 May 2023

Crypto News

Bitcoin tops Donald Trump, guns in America: Google Trends

Bitcoin tops Donald Trump, guns in America: Google Trends

Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) continues to maintain its position as the most Googled term in the United States. 

A search volume comparison based on Ahrefs data revealed that Americans care more about Bitcoin, with Nevada taking the spot as the “most Bitcoin-crazy state” in the US. Despite former US President Donald Trump making headlines consistently for indictment charges, the term stands in second position in terms of being the most-searched term in America.

Search volume comparison (US and global). Source: Ahrefs

As shown above, other popular terms following Bitcoin and Donald Trump include breaking news, Elvis Presley and Disney World respectively. Predominantly popular terms such as guns, Chuck Norris, health insurance and politics did not even make it to the top 10 in the list.

Search comparison of Donald Trump and Bitcoin. Source: Google Trends

However, in the last 30 days, Google searches for Donald Trump exceeded Bitcoin for just two days — on April 4 and 5 — when reports of a possible arrest emerged, shows Google Trends data.

State-wide comparison of Bitcoin searches. Source: Google Trends

A state-wise comparison revealed Nevada as the states with most number of ‘Bitcoin’ searches, followed by Miami, California and Washington respectively.

The primary reason for this finding is attributed to lower taxes and local government initiatives to promote innovation, according to Trading Browser. “Nevada’s long-standing gambling respiration might be a contributing factor to the success and high interest in Bitcoin,” the study added.

Related: Binance.US unable to find bank partners in the United States: Report

A new report from US Treasury concluded that North Korea and criminals are making use of DeFi services for bagging illicit profits.

As Cointelegraph reported, Treasury believes that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat currency or was otherwise outside the digital asset ecosystem.

Magazine: DeFi abandons Ponzi farms for ‘real yield’