Searches For ‘CBDC’ Soar 769% Worldwide To An All-Time High Amid Demand For Digital Currencies

0
Searches For ‘CBDC’ Soar 769% Worldwide To An All-Time High Amid Demand For Digital Currencies
Megan_Rexazin / Pixabay

Analysis of Google search data reveals that searches for ‘CBDC’ (Central Bank Digital Currencies) exploded 769% above average levels worldwide from September 2022 to an all-time high. ‘CBDC‘ searches are also at all-time highs for the United States and the United Kingdom.

The analysis, by cryptocurrency betting review website Cryptobetting.org, reveals that searches for ‘CBDC’ exploded to over eight times the average volume worldwide in September, an unprecedented increase in people searching for digital currencies.

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2022 hedge fund letters, conferences and more

Black Bear Value Fund November 2022 Update

black bear 1547509305Black Bear Value Fund update for the month ended November 30, 2022. Q3 2022 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you are subscribed and having an account error please clear cache and cookies if Read More

 


Find A Qualified Financial Advisor

Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now.


The data also reveals that searches for ‘CBDC’ skyrocketed by 1,041% in the United States and 1,136% in the United Kingdom to all-time highs in September 2022. 

Google search data from Ahrefs reveals that CBDCs are searched an estimated 106,640 times worldwide each month. 

According to Google Trends, the ten countries with the highest level of search interest in the term ‘CBDC’ over the past 12 months are:

  1. Jamaica
  2. South Korea
  3. Hong Kong
  4. Singapore
  5. China
  6. Canada
  7. Poland
  8. Switzerland
  9. Kenya
  10. Slovenia

Almost one fifth of global searches come from the United States, which contributes an estimated average 20,680 searches per month. 

Searches for ‘CBDC’ skyrocketed by 1041% in the United States to all-time highs in September 2022. This comes as the United States released its first framework which explores the development of digital assets including a U.S. Central Bank Digital Currency, recommending more CBDC research. 

In the United States, the top ten jurisdictions with the highest level of search interest in the term ‘CBDC’ over the past 12 months are:

  1. District of Columbia
  2. Maryland
  3. New York
  4. Virginia
  5. Washington
  6. New Jersey
  7. Nevada
  8. Colorado
  9. California
  10. Connecticut

Around 7,370 searches for CBDCs are made from the UK each month, on average.

Google Trends data reveals search interest in CBDCs skyrocketed by 1,136% in the United Kingdom to new all-time highs in September 2022. 

Prime Minister of the United Kingdom Rishi Sunak advocated for CBDCs last October, encouraging the development of a digital sterling, ‘Britcoin’, as Chancellor of the Exchequer under Boris Johnson.

A spokesperson at Cryptobetting.org, commented on the findings:

“The idea of digital money isn’t new. Bitcoin exploded onto the market with its price skyrocketing over the last few years. As cryptocurrencies grow in popularity and become the norm, central banks provide an alternative.

CBDCs are different because it is government-backed digital money. Central banks have realised that they cannot beat Bitcoin, and now they want a piece of the action. The key difference between CBDCs and crypto is that the idea of crypto is to decentralise financial power.

CBDCs ensure that the value and control of currency remains in the hands of governments, banks and financial elites, but could also mean widespread adoption of digital banking across nations like never before.

With Rishi Sunak appointed as the new UK Prime Minister, we will likely see a further push for the adoption of CBDCs that we saw when he was in the role of Chancellor of the Exchequer.”

No posts to display