UK is the third most interested country in crypto

The UK has come in third place in a global table of the most interested countries in cryptocurrency, research has found.

An analysis from finance firm Invezz, which gives people tools to help them invest, revealed that on average there are 648,000 annual searches for cryptocurrency in the UK.

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Only the US (2,556,000) and India (804,000) have more average annual searches for cryptocurrency.

Indonesia (324,000), Canada (300,000), Vietnam (276,000), and Australia (273,000) are among the other countries in the world where there are over 200,000 annual online searches about cryptocurrency, respectively ranking fourth, fifth, sixth and seventh.

At the other end, in 20th place, is Singapore – seeing an average of 61,200 online searches relating to cryptocurrency each year.

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Despite being launched in 2008, cryptocurrency has become of significant global interest over the past few years, seeing a 203 per cent Google trends increase over the last year alone.

Since its launch, cryptocurrency has been surrounded by a lot of scepticism, which could be shown by 696,000 Google searches occurring globally each month.

Through analysing search volumes, Invezz has found the most Googled concerns surrounding cryptocurrency.

These are: ‘is cryptocurrency safe?’, ‘is cryptocurrency a good investment?’, ‘is cryptocurrency legal?’, ‘why does cryptocurrency value drop?’ and ‘why are people sceptical about cryptocurrency?’.

Invezz said that cryptocurrency can be a good investment, although its markets are volatile and scepticism is something that will take time to change.

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“Cryptocurrency has forged its place in the financial landscape, and at this point, the question is one for each individual investor to answer for themselves,” Invezz said.