As regulators around the world tighten restrictions on trade involving bitcoin. A positive trend has emerged in developing countries who are keen to buy the dip and therefore highlight their trust in the outlook of bitcoins.
In a study conducted by CoinGecko, which looked at google search results for words like ‘buy crypto’ or invest in crypto, the top ten countries in descending order are Nigeria, UAE, Singapore, Australia, UK, Canada, Georgia, Lebanon, New Zealand and Trinidad & Tobago.
The first position comes as no surprise as Nigeria plan to launch its own block chain enabled platform in 2022 after the Nigerian authorities banned the use of crypto in commercial lending in 2021 citing a threat to the financial system.