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Author Topic: [2018-1-15]This Indian city was the most curious about bitcoin globally in 2017  (Read 26 times)
moriskarlov
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January 15, 2018, 11:20:19 AM
Last edit: January 15, 2018, 03:29:41 PM by moriskarlov
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This Indian city was the most curious about bitcoin globally in 2017, Google data shows

Google Trends data shows that the city which processes most of the diamonds in the world was also relatively ahead of others in exploring for new avenues to invest

The Bitcoin frenzy gripped Surat, the industrial hub located on the western coast of India, as it emerged as the topper in relative interest in searching for Bitcoin last year across the globe.

Google Trends data shows that the city which processes most of the diamonds in the world was also relatively ahead of others in exploring for new avenues to invest. This means, for all the searches that originated from Surat, the proportion of ‘Bitcoin’ was highest, compared to other cities.

Surat beat cities like Yonkers (New York), San Jose, Cape Town, New Delhi, among others. Two other cities in India, Pimpri-Chinchwad (Pune) at seventh place and Gurugram at eighth place, were in top ten.

Noida was placed at 12th position, Jaipur 23rd, New Delhi 52nd, Mumbai 73rd, Bengaluru 81st, Kolkata 88th, Ahmedabad 94th and Pune at 100th in terms of relative interest in searching for Bitcoin. The Google Trends data lists 147 cities when locations with low search volume are included.

However, when the cities with low search volume were excluded, Gurugram was the foremost city in India interested in Bitcoin. Worldwide, it was placed fifth, behind, Yonkers, San Jose, Capetown and The Hague.



Surat was also relatively on top in showing interest for search term ‘cryptocurrency’, again, when low search volume regions were included.

Region-wise, India was far behind others and not even in top 20 in terms of relative interest in Bitcoin. South Africa topped with Slovenia and The Netherlands at second and third, respectively.

The year 2017 was in many ways phenomenal for cryptocurrencies and blockchain technology. As the digital currency market started attracting institutional investors, the interest of retail investors also grew exponentially. Bitcoin was one of the most searched queries in India in 2017.

Source: http://www.moneycontrol.com/news/business/cryptocurrency/as-per-google-this-indian-city-was-relatively-most-interested-in-bitcoin-around-the-world-in-2017-2483101.html
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January 15, 2018, 01:47:29 PM
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Seeing as that at least a fifth of the Internet doesn't necessarily use Google (thinking of Baidu at least for China) and that Google's own ranking might depreciate the likes of Russia, this is another example of how data can be used in any number of ways to get the news you want. That, and the fact that a Google search doesn't necessarily equate with organic curiosity (imagine the impact if one Bitcoin headline popped up in a small local newpaper on front page, for example).

That aside, when Singapore last year held the first ever Bitcoin-related trial at its international commercial courts, everyone on the island suddenly knew or wanted to know about Bitcoin. If that counts for curiosity...




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January 15, 2018, 02:40:25 PM
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This is really interesting article to read as this city has beat the best of the legalized country as well behind.. But still India is not yet decided if they will legalized the cypto currency or ban it.  But this city is the city of diamonds and now people seems to shifting their focus to cypto currency it seems now.

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