According to a new survey, the number of people engaging with crypto articles increased by 1,772 percent in Indonesia.
According to new data, countries such as Indonesia and Chile have seen a significant increase in public interest in cryptocurrencies such as Bitcoin (BTC) amid the ongoing global growth in cryptocurrency adoption.
According to a report released on Friday by the Australian blockchain education startup Coinformant, Indonesia will lead the world in crypto interest in 2021.
The most rapidly growing crypto hotspots. Coinformant is the source.
Indonesia received the highest crypto interest score of 5.73 out of 10 in Coinformant’s report, beating out other countries in a combination of four factors including the number of Google searches, the number of published crypto articles, engagement level increases, and crypto ownership. Chile came in second with a score of 5.26, while Argentina came in third with a score of 4.79.
Coinformant calculated that Indonesia has seen a massive 1,772 percent increase in the number of people engaging with cryptocurrency articles year over year, citing data from engagement platform BuzzSumo (YOY). The number of published crypto articles in Indonesia increased by 133 percent, while Finland experienced the greatest increase at 725 percent.
Indonesia was also the second-highest-ranking country in terms of the increase in crypto-related Google searches over the previous year, with a 572 percent increase. Chile is said to have outpaced Indonesia in this metric, with 707 percent more Google searches year on year.
Coinformant’s methodology includes information on global crypto ownership as well as data from Chainalysis’ crypto ownership data. According to the report, Ukraine has the highest proportion of cryptocurrency owners, with more than 12% of the population owning cryptocurrencies.
Despite winning the race in terms of overall crypto interest surge, the United States has consistently been the largest country in terms of crypto engagement and other factors, according to a Coinformant spokesperson. “This report is about countries with the highest increase in these measures this year, and it’s worth noting that when looking solely at volume, the United States consistently comes in first,” the representative explained.
Despite imposing a blanket ban on cryptocurrency payments in 2017, Indonesian authorities have allowed cryptocurrency trading to continue. Pintu, a major Indonesian cryptocurrency wallet and trading platform, raised $35 million in August from some of the industry’s most prominent investors.