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According to recent data from CoinGecko, the state of California may be the nation's one where people are most interested in learning more about Bitcoin (BTC) and Ether (ETH).
According to CoinGecko research, 43% of all Bitcoin and Ethereum web traffic queries on the cryptocurrency tracking website were made by internet users in California. Even though only 11.9% of Americans live in the state, this is the case.
Given its status as a "big technical center," Bobby Ong, chief operating officer and co-founder of CoinGecko, said it was "unsurprising" that California topped the list of blue-chip cryptocurrency interest.
Silicon Valley is one of the world’s largest technology and innovation centers in California.
Apple, Google, Meta, PayPal, and Wells Fargo are some of the biggest firms based in Silicon Valley that have invested in blockchain-based software and cryptocurrency enterprises.
Centralized exchange Despite no longer having a head office, Coinbase was among the first significant cryptocurrency businesses to have its headquarters in California. Some of the newest Web3 initiatives with a presence in the Golden State include The Graph, Helium, MakerDAO, and dYdX.
California is also home to many famous colleges with top-notch engineering and technology programs, including Stanford University, the California Institute of Technology, and the University of California, Berkeley.
Additionally, according to CoinGecko, Illinois, New York, Florida, and Washington are among the other states that have a significant interest in the two cryptocurrencies, followed by Pennsylvania, Texas, Virginia, Georgia, and Arizona.
Most internet searches across the top 20 states seemed to favor Bitcoin. However, the research revealed that Ethereum was searched for more frequently than its rival in four specific states.
The interest in Ethereum over Bitcoin in Colorado, Wisconsin, New Jersey, and Florida is particularly noteworthy, according to Ong.
With Ethereum’s Merge just around the doorstep, it is still unclear how these rankings and market shares will develop in the upcoming months.
The data was gathered exclusively from American-based websites between May 2 and August 21, 2022. The information was indexed on a scale of 0-100, with 100 denoting California, the state with the largest web traffic compared to the other states.
The findings coincide with a study conducted by Study.com that found that over 64% of parents and college graduates in the United States who have a sufficient understanding of blockchain technology want cryptocurrency to be taught in classrooms.
According to cryptocurrency data aggregator Coincub, when it comes to crypto-friendly policy and legislation, the U.S. has surpassed Singapore, Australia, and Switzerland to take first place with Germany worldwide.
