CoinGecko reveals the US state most interested in Bitcoin and Ethereum
The Golden State of California may be America’s most curious state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.
In a report shared by CoinGecko, internet users from California accounted for a whopping 43% of all Bitcoin and Ethereum web traffic searches on the crypto tracking website. This despite the fact that the state’s entire population only makes up 11.9% of the US population.
Bobby Ong, COO and co-founder of CoinGecko said it was “not surprising” that California took the crown in blue-chip cryptocurrency interest, given its place as a “major tech hub.”
California is also home to Silicon Valley – one of the largest technology and innovation hubs in the world.
Among the largest companies in Silicon Valley that have invested in blockchain-based applications and crypto 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, despite the fact that they no longer have a headquarters today. The Graph, Helium, MakerDAO and dYdX are among some of the newest Web3 projects with a presence in the Golden State.
Many prestigious universities with excellent engineering and technology departments are also located in California, such as Stanford University, the California Institute of Technology, and the University of California Berkeley.
CoinGecko also noted that other states with strong interest in the two cryptocurrencies include Illinois, New York, Florida and Washington, followed by Pennsylvania, Texas, Virginia, Georgia and Arizona.
Across the top 20 states, most searches on the site appeared to be weighted toward Bitcoin, but the data found that four particular states saw more searches for Ethereum than the competition.
“What is particularly notable is Colorado, Wisconsin, New Jersey and Florida’s interest 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 Ethereum’s Merge around the corner.”
The data was collected between May. 2 to 21 August 2022, and only collected internet traffic data from the USA. The data was indexed on a scale of 0 – 100, with 100 representing the highest point for internet traffic (California) relative to the other states.
Related: 70% of US Crypto Holders Started Investing in 2021: Report
The findings come as a recent Study.com survey revealed that over 64% of US-based parents and college graduates with adequate understanding of blockchain technology want crypto to be taught in school classrooms.
On a global scale, the United States has tied the top spot with Germany for crypto-friendly regulation and legislation, beating out Singapore, Australia and Switzerland, according to crypto data aggregator Coincub.
