“What is Cryptocurrency” is the Most Googled Question in the Digital Asset Space, Study Shows

As already evident, cryptocurrency is transforming personal finance and piquing people’s interest globally, a study by Crypto Wallet showed that questions about crypto were heavily searched on Google.

Per the report from end-to-end crypto banking and commercial solution Crypto Wallet:

“What is cryptocurrency is by far the most asked question, with 121,000 average monthly searches, followed by “what is crypto” with 31,000 average monthly searches, for a total of 152,000 searches each month made by people wondering about this “mysterious” asset.”

Source: CryptoWallet

With cryptocurrency being a decentralized digital asset whose transactions are registered on an open ledger, the study noted that people were willing to learn about this cutting-edge technology.

A Crypto Wallet spokesperson commented:

“As the world enters a new era of personal finance and crypto is changing the way we might see money and spending, people want to be as informed as possible, either to keep up with changing times, investing actual time and effort into crypto, or just due to curiosity towards a relatively new and fascinating phenomenon.”

“How to buy cryptocurrency” was the third most googled question with 24,000 monthly searches, showing the urge for people to enter the crypto space. Based on the current bearish run in the crypto market, “why is crypto crashing” emerged fourth with 23,000 average monthly searches. The study noted:

“This question can be more topical and time-sensitive, as people might wonder what is happening within the crypto market at given times, and the reasons why a certain cryptocurrency might be crashing can vary.”

For instance, the 28-year interest rate hike by the Federal Reserve (Fed) has been one of the factors triggering a downtrend in the Bitcoin market. 

The study also acknowledged that the other common curiosities were around crypto mining and declining cryptocurrency. 

Image source: Shutterstock