According to Odaily, Google Trends data reveals that Nigeria has the highest interest in Bitcoin, followed by El Salvador. Regions with lower security levels, lower bank penetration rates, and a higher proportion of millennials are more likely to adopt Bitcoin as a reliable store of value and convenient means of payment.
The Nigerian government has recently taken steps to address economic difficulties and prevent currency collapse. In May 2024, the Nigerian government began preparations to introduce new regulations prohibiting peer-to-peer (P2P) transactions between the national currency and cryptocurrencies.
