CoinGecko unveils which US state is the most interested in BTC and ETH, and not surprisingly it is the Golden State of California.
According to a CoinGecko research, internet users from California accounted for 43% of all Bitcoin and Ethereum online traffic queries on the crypto tracking website. Despite the fact that the entire state population accounts for only 11.9% of the total US population.
Given its status as a “big technical centre,” Bobby Ong, COO, and co-founder of CoinGecko, said it was “unsurprising” that California topped the list of blue-chip cryptocurrency interest.
California is also home to Silicon Valley, one of the world’s greatest technology and innovation centres.
Apple, Google, Meta, PayPal, and Wells Fargo are among the major firms in Silicon Valley to have invested in blockchain-based apps and crypto startups.
Despite no longer having a headquarters, centralized exchange Coinbase was one of the first big crypto firms to be located in California. Some of the most recent Web3 initiatives having a presence in California include The Graph, Helium, MakerDAO, and dYdX.
Many famous institutions with great engineering and technology departments, such as Stanford University, the California Institute of Technology, and the University of California Berkeley, are also situated in California.
Additionally, according to CoinGecko, Illinois, New York, Florida, and Washington are among the other states that have a significant interest in the two cryptocurrencies, followed by Pennsylvania, Texas, Virginia, Georgia, and Arizona.
The majority of internet searches across the top 20 states looked to favor Bitcoin, but the data showed that four specific states saw more searches for Ethereum than its rival.
“What’s especially notable is Colorado, Wisconsin, New Jersey, and Florida’s interest in Ethereum over Bitcoin,” explained Ong.
“It remains to be seen how these rankings and market shares will play out in the coming months, with Ethereum’s Merge around the corner.”
The data was acquired between May 2 and August 21, 2022, and only online traffic data from the United States was obtained. The data was indexed on a scale of 0 to 100, with 100 signifying the state with the highest level of online traffic (California) in comparison to the other states.
According to a recent Study.com poll, more than 64% of US-based parents and college graduates with a sufficient grasp of blockchain technology want crypto to be taught in school classrooms.
According to crypto data aggregator Coincub, the United States has shared the top rank with Germany when it comes to crypto-friendly policy and legislation, sharing the top spot with Germany and beating out Singapore, Australia, and Switzerland.
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