According to new data, countries like Indonesia and Chile have seen a significant increase in public interest in cryptocurrencies such as Bitcoin (BTC) amid the ongoing global growth in cryptocurrency adoption.
According to a report released on Friday by the Australian blockchain education startup Coinformant, Indonesia will lead the world in crypto interest in 2021.
Indonesia received the highest crypto interest score of 5.73 out of 10 in Coinformant’s report, beating out other countries in a combination of four factors: the number of Google searches, the number of published crypto articles, engagement level increases, and crypto ownership.
Chile came in second with a score of 5.26, while Argentina came in third with 4.79.
Despite winning the race in terms of overall crypto interest surge, the United States has consistently been the largest country in terms of crypto engagement and other factors, according to a Coinformant spokesperson.
Indonesian authorities have allowed cryptocurrency trading to continue despite imposing a blanket ban on cryptocurrency payments in 2017.
Pintu, a major Indonesian cryptocurrency wallet and trading platform raised $35 million in August from some of the industry’s most prominent investors.