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In addition to South Korea and Japan, these countries are bitcoin loyalists

The whole world is crazy about bitcoin. You may have noticed it. You do not need to take the initiative to mention bitcoin to colleagues, friends and family: they will ask you directly. If Western investors have become enthralled with bitcoin , South Korea and Japan can be said to have been in a state of feverishness. But which countries will be the next diehard bitcoin?

Fascinated by the blockchain

Bitcoin is a tempting beast. First it puzzles you and then beckons you; then embrace you with its digital embrace. Unconsciously, you will begin to reddit search how to print the private key, and finally you will be proficient with those who only the circle of people can understand expression package (for example, misspelled HODL word).

Once you enter the bitcoin world, there is no turning back.

The two countries, South Korea and Japan, first started to explore this new world order. Japanese people are spending digital money while buying bitcoin, while South Korea is keen on bitcoin trading. About 70% of Bitcoin transactions around the world are conducted in the won or the yen market. The two neighboring countries are at the forefront, but other countries have already begun to act. While many countries are expected to be potential markets for bitcoin, the following four countries are most likely to develop into the next hot spot for cryptocurrencies.

South Africa

To identify emerging markets, Google's trend is the best proof. The data provided by Google Trends can not be said to be absolutely accurate, but to a certain extent we can see the interest of Bitcoin in various countries in the world. South Africa is very much interested in everything that is done to encrypt money. In the past three months, the country has ranked fourth in the world in the number of searches for "buy bitcoins" keywords.

The other two countries that preceded South Africa also came from Africa - Nigeria and Ghana. In most of these countries, most people do not have bank accounts; many other African countries like Zimbabwe are relying on overseas remittances from their families. And bitcoin is their ideal choice.

The prevalence of bitcoin in a country needs to meet two conditions: the public interest and a reasonable regulatory environment. South Africa satisfies both of these conditions. The government's commitment to developing a balanced cryptocurrency regulatory program not only encourages development but also controls risks; in addition, major South African supermarket chains have also begun to accept bitcoin payments.


Australia has started to enter the bitcoin space, with signs that it will develop Japan's bitcoin fanatics, a digital currency that will start to spread like a virus. Over the past three months, Australians have searched for "bitcoin" and "paid for bitcoin" keywords in the second place in the Google Trends. Australian utilities handled $ 750,000 in encrypted currency bills each week. This is just the tip of the iceberg, and if Australia announces full support for bitcoin (the RBA has already seen the potential of blockchain technology), the Australian dollar will soon be able to sweep the legal and rankings of Bitcoin transactions.



Slovenia is home to Bitstamp, a cryptocurrency exchange that could have been a bitcoin destination, but its European neighbors Estonia are on the top of the list. This technology hot spot is planning to become a new technological country and has set up an e-resident passport for "global citizens." The country also adopted blockchain technology and intended to issue exclusive cryptocurrencies.

However, the Nordic countries have repeatedly communicated complex information about the legal status of the Bitcoin Exchange. However, the demand for encrypted currency in Estonia is still very high. This year a large number of financial technology start-ups based on tokens were established in the country. If the Estonian government officially recognizes bitcoin, it will be the market leader in financial technology, blockchain and digital book solutions.


Venezuela is a dark horse in the cryptocurrency space. It is not on the Google Trends ranking, but the country's demand for this alternative payment and hedging mechanism is high. Although the country does not ban Bitcoin, Venezuelan police have been cracking down on cryptocurrencies mining activities. This is not a mining problem, but because energy thefts happen from time to time. Here, the inflation rate this year is 700% - even up to 2300% last year, who can blame the 100,000 Venezuelans to try to dig their own currency?

Unfortunately, if bitcoin is to dominate Venezuela, the domestic standard of living must be getting lower and lower, in order to force poor people to take action. If reform was the way to overthrow the country's own powerless government, then everything could happen - yes, a new nation that treats bitcoin as legal currency is also likely to emerge.

Singapore and other African countries can also be among them. Every corner of the world - developed and developing countries; and countries that are both economically stable and unstable - have shown their growing interest in bitcoin. Just as power flows back and forth across countries in the world, the same goes for the popularization of cryptocurrencies. Currently Japan and South Korea lead, but this situation may change.