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The Most Searched-For Asset in Cuba

TradingView data indicated Bitcoin is the most-searched-for asset in Cuba.

Cryptocurrencies make up more than half of all inquiries from Cuba, meanwhile, Libya and Palestine are not far behind.

Cryptocurrency, particularly Bitcoin (BTC), is the most-searched-for asset in communist Cuba, and crypto-related inquiries from Libya, Syria, and Palestine are also increasing, according to data shared today by leading investment research platform TradingView.

“This data suggests [that] countries experiencing hardship right now seem to be the ones most interested in cryptocurrency,”

James Maddison, Head of UK at TradingView

The data pinpoints the BTC/USD pair as the most popular onsite search and provided a snapshot of the crypto market and trading interest from November 2020 and January 2021 – a period of unprecedented market growth and interest in crypto assets.

During that time, TradingView became the 73rd most visited website in the world, because of the explosion in retail trading that has engulfed the crypto market ever since the big-name investors, like Michael Sawyer, became involved.

To understand better where in the world most inquiries about cryptocurrencies came from, TradingView researchers pulled together data from over 27 million search queries from the platform’s users. While the United States wins when it comes to the sheer volume of inquiries, it is a different picture when the proportion of searches related to crypto is compared to those for stocks, shares, and other tradable assets.

India however, which has been tipped as a hotbed for cryptocurrency adoption, was last on the TradingView list, with only 6.7% of searches devoted to crypto-assets – although it is one of the most active countries on the TradingView platform.

The researchers put the silenced interest down to proposed laws, which ban the cryptocurrencies and are under active consideration. But another country, Nigeria, where the foreign exchange has also dried up, doesn’t make it into TradingView’s most actively searching countries either. TradingView’s data covered over 6,000 cryptocurrency pairs.

Unsurprisingly, Bitcoin and Ethereum (ETH), paired with USD or Tether (TUSD) – often used to convert fiat to crypto – comprised the most popular searches. BTC/USD was 0.14% of all searches among all assets on the site. However, XRP, Chainlink (LINK), Cardano (ADA), and litecoin (LTC) are also prominent on the list of top 20 most searched pairings.

One of the remarkable findings of the TradingView study was Finland’s second-place position for crypto searches after Cuba. It is probably not a country known for its crypto footprint, but the customs agency there had been preparing to offload a stash of Bitcoin- which is now worth over $94 million.

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