New data from CoinGecko suggests that the golden state of California may be the US state that loves Bitcoin (BTC) and Ether (ETH) the most.
After this western US state, the next states that are most interested in the two main cryptocurrencies are Illinois and New York.
According to a report published by CoinGecko, Internet users from California account for 43% of all Bitcoin and Ethereum searches on the CryptoWatch website. However, the total population of the state is only 11.9% of the US population.
Bobby Ong, chief operating officer and co-founder of CoinGecko, stated that it was “unsurprising” that California took the crown in the blue-chip cryptocurrency interest, given its place as a “major technological hub.”
California is also home to Silicon Valley — one of the largest technology and innovation hubs in the world.
The largest companies situated in Silicon Valley to have invested in blockchain-based applications and crypto startups include Apple, Google, Meta, PayPal, and Wells Fargo.
Centralized exchange Coinbase was one of the first major crypto companies to be headquartered in California, despite no longer having a headquarters today. The Graph, Helium, MakerDAO and dYdX are some of the newest Web3 projects with a presence in the Golden State.
California is also home to many prestigious universities with excellent engineering and technology departments, such as Stanford University, California Institute of Technology and the University of California, Berkeley.
CoinGecko also noted that other states with a strong interest in the two cryptocurrencies include Illinois, New York, Florida and Washington, followed by Pennsylvania, Texas, Virginia, Georgia and Arizona.
In the top 20 states, most web searches seem to lead to Bitcoin. However, the data shows that four specific states had more searches for Ethereum than their competitors.
The data was collected between May 2 to Aug. 21, 2022, and only internet traffic data will be collected from the United States. The data is coded on a scale from 0 to 100, where 100 represents the highest point of internet traffic (California) compared to other states.
The findings come as a recent Study.com survey revealed that over 64% of U.S.-based parents and college graduates with a sufficient understanding of blockchain technology want crypto in their syllabus.
Around the world, the U.S. has shared the top spot with Germany when it comes to crypto-friendly legislation and regulation, beating out Singapore, Australia and Switzerland, according to crypto data aggregator Coincub.
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