The Golden State of California is perhaps the most curious US state when it comes to Bitcoin (BTC) and Ether (ETH), according to new data from CoinGecko.
In a report shared by CoinGecko, internet users in California accounted for 43% of all bitcoin and ethereum searches on the cryptocurrency tracking site. And this, although the population of this state represents only 11.9% of the population of the United States.
Bobby Ong, COO and co-founder of CoinGecko, said it was “not surprising” that California took the top spot in cryptocurrency interest, given its place as a “tech hub.” major “.
California is also home to Silicon Valley, one of the world’s greatest centers of technology and innovation.
Some of the biggest companies located in Silicon Valley to have invested in blockchain-based applications and cryptocurrency startups include Apple, Google, Meta, PayPal, and Wells Fargo.
Centralized exchange Coinbase was one of the first major crypto companies to be headquartered in California, although it no longer does. The Graph, Helium, MakerDAO and dYdX are some of the latest Web3 projects present in the Golden State.
Many prestigious universities with excellent engineering and technology departments are also located in California, such as Stanford University, California Institute of Technology, and University of California, Berkeley.
CoinGecko also noted that other states with strong interest in both cryptocurrencies are Illinois, New York, Florida, and Washington, followed by Pennsylvania, Texas, Virginia, Georgia, and Arizona.
In the top 20 states, most searches on the website seem to be for bitcoin. However, the data revealed that four particular states saw more searches for Ethereum than its competitor.
“Particularly noteworthy is the interest from Colorado, Wisconsin, New Jersey and Florida in Ethereum over Bitcoin,” Ong explained.
“It remains to be seen how these rankings and market shares will play out in the coming months, with the Ethereum merger at hand. »
The data was collected between May 2 and August 21, 2022, and related to US web traffic only. The data was indexed on a scale of 0 to 100, with 100 representing the highest point of web traffic (California) compared to other states.
See also: 70% of US cryptocurrency holders started investing in 2021: Report
These findings come as a recent Study.com survey found that more than 64% of parents and US college graduates with sufficient knowledge of blockchain technology want cryptocurrency to be taught in classrooms. .
Globally, the United States shared first place with Germany in cryptocurrency-friendly regulations and legislation and edged out Singapore, Australia and Switzerland, according to the crypto data aggregator Coincub.
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CoinGecko Reveals the US State Most Interested in Bitcoin and Ethereum
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