Google Says Russia’s Interest in Bitcoin up 220%, Mining 560%, Ethereum 760%

Google’s Analysis

Google has performed an analysis on search queries of Russian residents for the first half of 2017 for information related to cryptocurrency, according to local publications. The company revealed its findings on Thursday, stating that:

Despite the fact that the first cryptocurrency was launched in 2009, the greatest surge of interest of Russian users to this industry came in the first half of 2017. Just imagine, from January to June the number of requests for the industry as a whole increased by more than 250%.

Google revealed that the highest growth recorded in searches was Ethereum-related, which increased more than 760%. Bitcoin-related searches were up more than 220%.

In addition, users also searched for cryptocurrency mining information more frequently, resulting in the total number of mining-related searches increasing by 560%. “Cryptocurrencies and mining also fell into the top 100 queries with the words ‘how’ and ‘what is’,” Rusbase detailed, adding that the number of requests for specific cryptocurrencies also increased by the same percentage.

Furthermore, Google noted that in the first six months of the year, the number of requests for Initial Coin Offerings (ICOs) “significantly increased,” but did not name specific figures.

Highest Growth Regions

There is an opinion that the trends are spreading from the center of Russia to the regions, but not in this case,” Vestifinance quoted Google, adding that:

The biggest increase in interest in the industry was seen in the Khabarovsk Territory (+ 309% of requests). At the same time, the increase in the number of requests for individual cryptocurrencies – Ethereum (+ 1114%) and Bitcoin (+ 317%) – also turned out to be above the national average in this region.

Source
https://news.bitcoin.com/google-says-russias-interest-in-bitcoin-up-220-mining-560-ethereum-760/