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Author: Admin | 2025-04-28
Posting the highest number for this statistic at the time.To this day, the Dutch continue to be among the most crypto-curious people in the world marked by the high number of “Bitcoin” searches on Google.According to a report by Deutsche Digital Assets, the Netherlands and Switzerland exhibited the highest adoption rates in Europe in 2023, while France and England posted the lowest adoption rates.Turkey Buys Bitcoin (2021)For years, Turkey’s economy has been on the brink of collapse. The Turkish lira (TRY) has lost about 93% of its value against the U.S. dollar, from 0.47 TRY/USD to 0.03 TRY/USD in the last ten years, as of June 2024.Unsurprisingly, Turkey has always ranked high in terms of both Google Bitcoin searches and the number of “Bitcoin” searches per 1,000 people. This trend accelerated in 2020 and 2021 as the value of the Turkish Lira continued to slide to fresh lows against the USD.In November 2021, the TRY/USD rates dropped nearly 30% after Turkish President Tayyip Erdogan forced the nation’s central bank to implement aggressive interest rate cuts to boost the economy despite high inflation and currency devaluation in the country.In parallel, BTC/USD rates scaled a new all-time high of $69,000 in November 2021.A research survey conducted by KuCoin showed that by 2023, more than half of Turkey’s population owned cryptocurrencies. Bitcoin was the most popular cryptocurrency in Turkey, attracting nearly 71% of crypto investors in the region. 52% of survey respondents said “future wealth” was their crypto investment motivation, while 37% named “value storage.”Bitcoin provided Turkish investors with an alternative to traditional assets like gold, allowing them to hedge against currency devaluation and ineffective central bank monetary policies.Even in the depths of the Crypto Winter of 2022, Techopedia’s infographics showed that Turkey continued to post strong Bitcoin search volume.Turkish Lira to Bitcoin
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