A recent study by CoinLedger, a cryptocurrency tax software company, used Google Keyword Planner to determine the level of interest in cryptocurrencies in different states. The study found that New York was the most obsessed with cryptocurrency, with residents searching for crypto-related terms 978 times per month per 100,000 residents.
Following New York, Nevada was the second most interested state, with an average of 894 monthly searches per 100,000 residents. California, New Jersey, and Massachusetts rounded out the top five states with the highest interest in cryptocurrency.
On the other hand, the study also revealed the states with the least interest in cryptocurrency. Mississippi had the lowest interest, with an average of 278 monthly searches per 100,000 residents. West Virginia and Kentucky were also among the states with the lowest interest in crypto.
The study highlights the growing interest in cryptocurrency as an investment option, with the upcoming Bitcoin halving expected to attract more investors. However, it also emphasizes the importance of conducting thorough research and seeking expert advice before making any financial decisions related to cryptocurrencies.
The study also solidifies New York’s position as a global finance hub, with New Yorkers leading the nation in cryptocurrency interest by a significant margin.
To conduct the study, Google Keyword Planner was used to determine the average monthly search volume for crypto-related terms. The top ten and bottom ten states were identified based on this data.
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