The Netherlands, surprisingly, is the most crypto-obsessed country in the world, according to CryptoManiaks’ new study analyzing Google searches for cryptocurrencies across the world’s 100 most populated countries. The U.S. ranks fifteenth.
The Netherlands was found to have 1.4 million monthly searches for crypto -- the equivalent of 8.2% of the country’s population making a cryptocurrency related search every month. The largest proportion of these searches were for Bitcoin, at 964,000 searches per month on average.
The country’s second most-searched currency was the volatile meme coin Dogecoin, which received 201,000 searches per month, more than double the searches for Ethereum (99,000 monthly searches) which came third.
Turkey ranked second-most crypto-obsessed, with 4.7 million searches per month -- the equivalent of 5.5% of its population searching for cryptocurrencies each month.
Bitcoin was also the most searched-for cryptocurrency among Turkish residents, accounting for 68% of the country’s total searches.
The report shows that of all the countries in the study, Turkey is home to the biggest Dogecoin fans, with 812,000 searches a month on average for the currency -- more searches than any other country.
In third came Germany, with 4.2 million monthly searches, or 5.1% of the population searching for the most popular cryptocurrencies. As Europe’s second most populous country, it mirrored Turkey’s search habits, with Bitcoin being the most searched cryptocurrency followed by Dogecoin and Ethereum, respectively.
Canada ranked fourth, with 1.7 million monthly searches, the equivalent of 4.3% of the country’s population. With 1 in 25 Canadians interested in cryptocurrencies, Canada follows the trend where Bitcoin remains most popular, with Dogecoin beating out Ethereum to take second place.
The Czech Republic -- also known as Czechia -- rounded off the top five most crypto-obsessed countries with a modest 448,550 searches each month. Czechia’s smaller population size of 10.5 million enables its high ranking, which also sees 4.3% of its residents searching for popular cryptocurrencies each month. Bitcoin was Czechia’s most searched cryptocurrency by a large majority, accounting for 359,000 of the monthly searches.
The U.K. ranked twelfth overall, with 1,753,000 cryptocurrency searches per month, the equivalent of 2.6% of the population searching each month.
Despite having the highest overall total across the ten cryptocurrencies, at 6,546,100 searches per month, the United States ranked as the 15th most crypto obsessed country when accounting for it population size––with just 1.9% of the population searching for these cryptocurrencies.
“It will come as no surprise that Americans are frequent searchers of cryptocurrency,” a spokesperson from CryptoManiaks commented.
“However, by considering how populous a country is, we are able to generate a much more accurate picture of a country’s general interest levels in crypto. European countries tend to dominate the rankings, accounting for seven of the ten countries that make the top ten.”
Dogecoin’s popularity surpassing Ethereum in many crypto-obsessed countries, with nearly 2 million more monthly searches globally for the coin, is notable. Especially now, after its value skyrocketed 16% between Wednesday and Thursday as Elon Musk’s purchase of Twitter approaches a conclusion.