Nigeria has become the country most interested in Bitcoin

Google Trends statistics show that Nigeria emerged as the country most interested in Bitcoin, with El Salvador in second place. Regions with low security ratings, low bank penetration rates and high percentage of millennials are more likely to adopt Bitcoin as a trusted store of value and convenient means of payment. The Nigerian government has recently taken a number of actions to try to address the economic woes and prevent the collapse of the currency. In May 2024, the Nigerian government began preparing to introduce new regulations banning P2P transactions in national currencies and cryptocurrencies.