A report by independent marketing intelligence firm Miq Digital states that Hawaii has seen the highest crypto demand of any US state, increasing 687% since 2020. California, Florida and Colorado also followed the island state with gains of over 600%.
Hawaiian interest in crypto explodes, Americans love Dogecoin, and crypto acceptance among American traders is increasing
The independent marketing intelligence company Miq Digital has published a research report on the interest in cryptocurrencies in all American states since 2020.
According to the study, demand has increased this year for a pattern similar to the bull run in the crypto asset market. The company analyzed search data from sources such as Google Trends and found that approximately 6% of Americans are using or owning digital currencies in 2021.
“Around 6% of the US population now use or own crypto, and the trend is growing,” said the Miq Digital report. For the five largest states, which grew over 600%, Hawaii topped the list with 687%. The state of Aloha is followed by California (655%), Colorado (637%), Florida (628%) and Nevada (621%).
“We analyzed search data to uncover the states that are driving the ongoing crypto craze. These are the areas with the greatest interest in crypto in 2021, alongside the increasing demand since 2020, ”explains Miq. In addition to the US “hotspots”, the Miq Digital study also highlights some of the most popular cryptocurrencies that were discovered in the search analysis.
The top coin on the list is the meme-based crypto-asset Dogecoin (DOGE), followed by other popular tokens like Maker (MKR), Ethereum (ETH), Dash (DASH), Litecoin (LTC) and Bitcoin (BTC) . .
The study shows that the Shiba Inu crypto-asset DOGE registered a “1,781 percent increase in US interest” support states.
Ethereum followed Dogecoin with a 777 percent surge in interest across the country. According to the researchers, the “Ethereum hotspots” include California, New Jersey and Washington. In addition, “the acceptance of cryptocurrencies by companies in the US is slowly increasing,” the study says.
In addition, the adoption of BTC has increased in a number of different states. California has the most companies with “440 companies”, followed by the Sunshine State, while Florida has “180 companies”.
What do you think of Miq Digital’s study and how Hawaii saw the highest crypto demand of any state? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Miq Digital Study
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.