Google Trends Shows Bitcoin Is About to Explode in South Korea

2019-6-14 01:00

South Korea has long been a key region for Bitcoin adoption. Now its government and banks are coming around, Googe Trends reveals an interesting pattern. Every day for the last week, South Koreans have been waking up with Bitcoin on their minds.

Bitcoin Google Searches Show an Unmistakable Pattern

Take a look at the Google trends worldwide chart for Bitcoin searches over the last week. Do you see a pattern forming? If you mouse over the high points, you’ll see that searches reach a peak at exactly the same time every day. Almost eerie, right?

Now take a look at the Google Trends chart for South Korea. At 7 am (more or less to the minute) almost every day for the last week, Bitcoin searches reach their peak here.

South Koreans are literally waking up with Bitcoin on their minds. They’re googling it on the subway and reading about it on their way to work.

South Korea Will Be Huge Adoption Catalyst

This country of 50 million people is a high-tech hub that’s big on consumer electronics, esports, and global innovation. So it’s really no surprise that cryptocurrency is about to explode in South Korea.

South Koreans have consistently had a big appetite for Bitcoin, at times even paying above market price for it known as the Kimchi Premium.

According to a report by intelligence firm Cindicator, recent regulation, the burgeoning cryptocurrency exchange scene, and the country’s history and culture are all key factors when it comes to BTC acceptance.  

In fact, South Koreans already make up some 30% of total cryptocurrency trading globally. On top of that, around 30% of all salaried workers own crypto assets of some kind and trade with varying degrees of frequency.

The government also allocated 1 trillion won (USD 880 million) to spend on blockchain development in 2019, creating a ripe climate for Bitcoin adoption.

Moreover, Bitcoinist reported yesterday that South Korea’s largest bank by assets KB Kookmin took an about turn decision on cryptocurrency and will be developing custody solutions.

Bitcoin Addiction Is Hitting the Region

With all these conditions creating the perfect storm for BTC, South Korea will be key in the new bull market. The first thing its people are thinking about when they open their eyes isn’t their partner, kids, or job; it’s Bitcoin.

Will Koreans once again drive bitcoin price to new highs soon? Share your thoughts below!

Images via Shutterstock

The post Google Trends Shows Bitcoin Is About to Explode in South Korea appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66989.25 (+0.18%)
Объем 24H $17.145b
Изменеия 24h: 0.18 %, 7d: 10.03 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1319.852b Rank 1
Цена в час новости $ 8295.28 (707.56%)

bitcoin south google trends korea pattern week

Источник: bitcoinist.com

bitcoin south → Результатов: 126


Фото:

Officials in South Africa Propose VAT-Exemption for Bitcoin Trades

Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed.

2018-7-28 23:45


Another Bitcoin ATM Launches In South Africa Following Shutdown Of The Previous

South Africa, one of the places in the continent which cryptocurrencies have gained ground is set to take another shot on launching the first fully functional Bitcoin ATM in the country. The country had initially launched a similar ATM way back in 2014, but the ATM has since been shut down as a result of […] The post Another Bitcoin ATM Launches In South Africa Following Shutdown Of The Previous appeared first on ZyCrypto.

2018-6-26 20:20


Фото:

6 Reasons Why Bitcoin Price is Down — (And Some Positive News Too)

As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price. Oh Look, Another Exchange Hack Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $31 million worth of cryptocurrencies being stolen.

2018-6-24 23:00


Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack

Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […]

2018-6-24 21:00


Фото:

Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In

Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies.   Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies.

2018-6-22 09:00


Фото:

Bitcoin’s Upside Price Potential Could Stop With New Resistance

Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea’s Bithumb exchange, indicating that the sellers are likely running dry. Despite all this, though, the cryptocurrency has struggled to find acceptance above $6,800 in the last 72 hours, as seen in the chart below. A drop below $6,550 would

2018-6-21 18:27


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru