The Golden State of California may be America’s most excited state for Bitcoin (BTC) and Ether (ETH)new data from CoinGecko has revealed.
In a report shared by CoinGecko, California internet users accounted for 43% of all Bitcoin and Ethereum web traffic searches on cryptocurrency tracking website. This is so despite the fact that the population of the entire state only represents 11.9% of the population of the United States.
Bobby Ong, COO and co-founder of CoinGecko, said that it was “not surprising” that California took the crown of cryptocurrency interest, given its place as a “major tech hub”.
Silicon Valley is also in California.one of the largest centers of technology and innovation in the world.
Among the largest companies located in Silicon Valley that have invested in blockchain-based applications and cryptocurrency startups are Apple, Google, Meta, PayPal and Wells Fargo.
The exchange center Coinbase was one of the first major cryptocurrency companies to be based in California, even though it is no longer headquartered today. The Graph, Helium, MakerDAO and dYdX are some of the latest Web3 projects with a presence in the Golden State.
Many prestigious universities with excellent engineering and technology departments are also located in Californiasuch as Stanford University, the California Institute of Technology, and the University of California, Berkeley.
CoinGecko also noted that other states with great interest in the two cryptocurrencies are Illinois, New York, Florida and Washington, followed by Pennsylvania, Texas, Virginia, Georgia and Arizona.
In the top 20 states, the majority of online searches seemed to lean towards bitcoin. However, the data found that four states in particular saw more searches for Ethereum than its competitor.
“What is especially notable is the interest from Colorado, Wisconsin, New Jersey, and Florida for Ethereum versus Bitcoin,” Ong explained..
“It remains to be seen how these rankings and market shares will play out in the coming months, with the Ethereum merger just around the corner.”
The data was collected between May 2 and August 21, 2022, and only collected web traffic data from the United States. The data was indexed on a scale of 0 to 100, with 100 representing the highest point of web traffic (California) relative to all other states.
The findings come as a recent Study.com survey revealed that Over 64% of US-based parents and college graduates with a sufficient understanding of blockchain technology want cryptocurrency to be taught in school classrooms.
On a global scale, the United States has shared the top spot with Germany when it comes to cryptocurrency regulation and legislation, sharing the top spot with Germany and overtaking Singapore, Australia, and Switzerland.according to cryptocurrency data aggregator Coincub.
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