- A study shared by CoinGecko shows that California has the highest interest in Bitcoin and Ethereum across all 50 American States.
- California makes up 43% of all web page traffic on CoinGecko.
- Interestingly, Ethereum has a higher market share for 4 of the 50 states.
California, USA, crushes all of the other 49 states when it comes to search interest in Bitcoin and Ethereum, according to a study shared by CoinGecko. The study aimed to identify the states in America that are most interested in the two cryptocurrencies. This was done by examining CoinGecko’s Bitcoin and Ethereum web page traffic within the United States.
The Golden State of California makes up 43% of the total Bitcoin and Ethereum web page traffic on CoinGecko — the highest interest in the two currencies. Other contenders for the top 10 spot are Illinois, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia, and Arizona.
Interestingly, Bitcoin has an average market share of 76% across the top 20 states by web page traffic — however, Ethereum’s market share is higher than Bitcoin’s for the states of Colorado, Wisconsin, New Jersey, and Florida.
Bobby Ong, COO, and Co-Founder of CoinGecko took special note of the states where Ethereum’s market share reigned over Bitcoin. Ong showed interest in how the rankings and market shares will play out in the coming months with Ethereum’s upcoming Merge.
On the other hand, Ong fully expected California’s high interest in Bitcoin and Ethereum.
It is unsurprising that California, as one of the world’s major technological hubs, takes the crown in ‘blue-chip’ cryptocurrency interest.
CoinGecko took web page traffic of both Bitcoin and Ethereum from their own website within the United States, between May 2 and August 21, 2022. The data set was then indexed to 100, where 100 was the highest point for web page traffic, given the location and time selected.
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