{"id":35333,"date":"2021-01-26T10:25:08","date_gmt":"2021-01-26T08:25:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35333"},"modified":"2025-08-29T00:50:16","modified_gmt":"2025-08-28T21:50:16","slug":"google-trends-interest-in-bitcoin-in-argentina-twice-as-strong-as-in-2017","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/google-trends-interest-in-bitcoin-in-argentina-twice-as-strong-as-in-2017\/","title":{"rendered":"Google Trends: Interest in Bitcoin in Argentina Twice as Strong as in 2017"},"content":{"rendered":"<p>The number of searches for the word \u00abbitcoin\u00bb in Argentina in recent weeks has followed an exponential trajectory. The figure has doubled the peak of the 2017 bull market.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Argentina\u2019s Google Trend searches for <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> going ballistic \ud83d\udd25\ud83d\ude80 <a href=\\\"https:\/\/t.co\/GsQK3sc033\\\">pic.twitter.com\/GsQK3sc033<\/a><\/p>\n<p>\u2014 Moritz (@MWietersheim) <a href=\\\"https:\/\/twitter.com\/MWietersheim\/status\/1353393095539216384?ref_src=twsrc%5Etfw\\\">January 24, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The Latin American country remains mired in an ongoing economic crisis, accompanied by rising unemployment, high inflation and a depreciation of the national currency. Many Argentines see digital gold as an alternative that could help weather the current uncertainty.<\/p>\n<p>In December, as Bitcoin neared its previous record near $20,000, the Google Trends index stood at 28%. An index value of 100% corresponds to the definition of \u201cpeak popularity\u201d.<\/p>\n<p>Last year&#8217;s Paxful study showed that seven in ten Argentines consider Bitcoin an effective hedge against inflation. This view is shared by a majority of leaders of local tech firms and asset managers.<\/p>\n<p>The popularity of the leading cryptocurrency is attributed to fresh record lows for the peso, which has depreciated against the dollar by about 4.3 times over the past three years.<\/p>\n<div id=\\\"attachment_123008\\\" style=\\\"width: 756px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-123008\\\" class=\\\"size-full wp-image-123008\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/usdars_cur.png\\\" alt=\\\"Google Trends: \u0438\u043d\u0442\u0435\u0440\u0435\u0441 \u043a \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0443 \u0432 \u0410\u0440\u0433\u0435\u043d\u0442\u0438\u043d\u0435 \u0432\u0434\u0432\u043e\u0435 \u0441\u0438\u043b\u044c\u043d\u0435\u0435, \u0447\u0435\u043c \u0432 2017\\\" width=\\\"746\\\" height=\\\"468\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/usdars_cur.png 746w, https:\/\/u1f987.com\/wp-content\/uploads\/usdars_cur-300x188.png 300w\\\" sizes=\\\"auto, (max-width: 746px) 100vw, 746px\\\" \/><\/p>\n<p id=\\\"caption-attachment-123008\\\" class=\\\"wp-caption-text\\\">Data: Trading Economics.<\/p>\n<\/div>\n<p>MicroStrategy chief executive Michael Saylor cited the peso-dollar trajectory as evidence of the case for holding reserves in Bitcoin.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Whenever someone questions our <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> Strategy, I always wonder what advice the critic would give to the 44 million people in Argentina. <a href=\\\"https:\/\/t.co\/q9kRV1rJNp\\\">pic.twitter.com\/q9kRV1rJNp<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\\\"https:\/\/twitter.com\/michael_saylor\/status\/1342103494698926080?ref_src=twsrc%5Etfw\\\">December 24, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Similar Google Trends patterns, as in Argentina, are evident among residents of <a href=\\\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&#038;geo=NG&#038;q=Bitcoin\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Nigeria<\/a>, <a href=\\\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&#038;geo=GH&#038;q=Bitcoin\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Ghana<\/a> and <a href=\\\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&#038;geo=ZA&#038;q=Bitcoin\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">South Africa<\/a>.<\/p>\n<p>Arcane Research analysts have identified Africa as the most promising region for the development of the crypto industry.<\/p>\n<p>Follow ForkLog\u2019s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of searches for the word &#8216;bitcoin&#8217; in Argentina in recent weeks has followed an exponential trajectory. The figure has doubled the peak of the 2017 bull market.<\/p>\n","protected":false},"author":1,"featured_media":35334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,1694],"class_list":["post-35333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-google-trends"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35333"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35333\/revisions"}],"predecessor-version":[{"id":35335,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35333\/revisions\/35335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35334"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}