Analysis: Nigeria becomes the country most interested in Bitcoin

Google Trends statistics show that Nigeria has become the country with the most interest in Bitcoin, with El Salvador in second place. Regions with low security levels, low bank penetration and a high proportion of millennials are more likely to adopt Bitcoin as a trusted means of storing value and facilitating payments. The Nigerian government has recently taken some actions to try to solve economic difficulties and prevent currency collapse. In May 2024, the Nigerian government began preparing to introduce new regulations to ban P2P transactions of national currencies and cryptocurrencies. (Cointelegraph)