According to Google search trends, the global crypto community is shifting its focus from Bitcoin to Web3. Crypto investors and enthusiasts rely on web searches, revealing their true feelings in real-time, to keep up with decade-long innovations ranging from blockchain-based applications to nonfungible tokens (NFTs). Recent spikes in interest in the phrase “Bitcoin dead” can be attributed to the extreme nervousness of investors in the face of current and ongoing market declines.
The prolonged bear market has resulted in the lowest global Google searches for Bitcoin in over a year. However, by 2022, the number of Google searches for “Web3” will have reached an all-time high.
When examined more closely, it becomes clear that the level of interest in Bitcoin (as measured by Google searches) is highest in El Salvador, with subsequent support coming from communities in Nigeria and the Netherlands. On the other hand, China is currently leading the pack when it comes to Web3 searches. Interestingly, Nigeria is ranked among the top three countries for Google searches about both Web3 and Bitcoin.
Recent preliminary discussions for a cryptocurrency-friendly economic zone were held between the Nigerian government and the cryptocurrency exchange Binance. These discussions were recently held in support of the local interest.
Marine Corps Veteran-turned-national-tv-personality Eric Mitchell is a world leading expert in sports media, regularly appearing on the world’s largest outlets from BBC, MSNBC, Fox News, Bloomberg, CNN and more. His signature blend of snark and industry expertise landed him columns at none other than RollingStone, GritDaily, PopWrapped, Disrupt — and most recently — Editor in Chief at NFT Today Magazine. When he’s not making media appearances or running his empire at LifeFlip Media, he can be found entertaining his thousands of loyal followers on social media through his authentic filter-free content.