New Study Says Canada Slowly Opening Up to Cryptocurrency

A new study reports that Canada is one of the most cryptocurrency-obsessed countries in the world. The country ranks number four among 100 countries, with Canadians searching 1.7 million times every month for the most popular cryptocurrencies.

Here’s a rundown of the other places that made the report.

• The Netherlands ranks number one on the list, showing that around 8.2% of the population searches for popular digital money every month.
• In addition, Turkey ranked high on the list. Residents in that location searched for Bitcoin above all the other cryptocurrencies. Additionally, the monthly searches in that country for Dogecoin were almost double the ones for Ethereum.
• Moreover, other locations that ranked high in the survey weren’t surprising. For example, Germany had search habits for cryptocurrency mirrored those in Turkey. That means that Bitcoin was also the most searched product in that country.

What Does This Mean for the Future of Cryptocurrency?

As time passes, more people see how cryptocurrency offers a solid investment. One great thing about crypto is that you can buy and sell it later as the price increases. Additionally, other possibilities include lending, staking, and using decentralized finance.

Smart investors like cryptocurrency. It allows for fast, secure, and decentralized borderless transactions.

How to Get Into Cryptocurrency

There are several options to invest in cryptocurrency. These include:

• First, you can buy the currency directly. These purchases can include established products like Bitcoin and Ethereum. If you’re interested in buying relatively newer coins, you can get them in an initial coin offering.
• The second is investing in cryptocurrency companies. You can also look for organizations that hold large volumes of digital currency on their balance sheets.

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