In a recent report, a firm has revealed that Bitcoin remains the most Googled term in the United States despite the increasing discussions around Donald Trump, guns, and other topics tied to politics and entertainment.
According to a report from Ahrefs, the search volume comparison revealed that Americans are curious about Bitcoin, with Nevada taking the spot as the “most Bitcoin-crazy state” in the United States. Ahrefs is a software company that develops online search engine optimization (SEO) tools and free educational materials for marketing professionals.
Interestingly, Bitcoin’s fan base remains undeterred by former U.S. President Donald Trump’s fame as he makes headlines consistently in recent times. The former president takes the second position on the list of the most-searched terms in America. The table below shows the search volumes of the top 10 most searched words on the Web.
As shown above, other popular searches from US citizens across the Web following Bitcoin and Donald Trump include breaking news, Elvis Presley, and Disney World. Notably, previously popular terms such as guns, Chuck Norris, health insurance, and politics did not even make it to the top 10 in the list.
According to Google Trends data, in the last 30 days, Google searches for Donald Trump exceeded Bitcoin for just two days on April 4 and 5 when reports of the former president’s possible arrest emerged. A state-wise comparison revealed Nevada as the state with the biggest number of “Bitcoin” searches, followed by Miami, California, and Washington.
According to Trading Browser, a crypto-research-oriented platform, the primary reason for Nevada’s increasing interest in Bitcoin-related searches is to lower taxes and local government initiatives to promote innovation. It stated:
Nevada’s long-standing gambling respiration might be a contributing factor to the success and high interest in Bitcoin.
The US has been leading the race for crypto currency investors and states like Nevada, Wyoming, and Texas have largely been contributing to it. However, in a larger picture, the states and authorities in the country have been largely divided on the topic.
Additionally, a new report from the U.S. Department of the Treasury concluded that North Korea and criminals use decentralized finance services to bag illicit profits. The Treasury believes that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat currency or outside the digital asset ecosystem.
Similarly, the lack of clarity around regulations in the country has shadowed the interest of investors for a long and on top of it has been the regulator’s antagonistic approach. The US Securities and Exchange Commission has been carrying out enforcement via regulation approach and has brought several firms under its radar.