Image Image Image Image Image Image Image Image Image Image Image Image

| December 11, 2017

Scroll to top


countries Archives -

After Japan and South Korea – These Countries Are Primed For Bitcoin Mania

November 28, 2017 |

After Japan and South Korea – These Countries Are Primed For Bitcoin Mania

The world is going crazy for bitcoin. You’ve probably noticed. There’s no need to broach the topic with coworkers, friends, and family anymore: they’re the ones approaching you with questions. If investors in the west are intrigued by bitcoin, South Korea and Japan have succumbed to full-blown mania. But which country will be next to go crazy for crypto?

See also: The Cryptocurrency Market Cap Trends Higher – Commanding $ 300Bn This Week

Hooked on the Blockchain

Bitcoin is a seductive beast. First it flummoxes you. Then it beckons to you. Then it extends its digital embrace and pulls you in. Before you know it, you’re seeking answers on subreddits to the best computer paper for printing private keys and are conversant in esoteric cacography-based memes (yes, HODL).

Once you go bitcoin, you never go back.

After Japan and South Korea – These Countries Are Primed For Bitcoin Mania
Bitcoin trading volume by currency.

Two countries that have welcomed this new world order are South Korea and Japan. The Japanese are buying – as well as actually spending – bitcoin and the South Koreans are trading it. Around 70% of the world’s bitcoin trading takes place in yen or won. The neighboring nations are leading the pack, but other countries are starting to stir. And while many nations have gotten the hots for bitcoin, the following four look likeliest to develop crypto mania next.

South Africa

For identifying emerging markets, Google Trends is your friend. Its data should not be read as absolute, but it indicates pockets of interest around the globe. For the term “pay with bitcoin”, South Africa proves to be an extremely large pocket whose populace are intrigued by all things crypto. It also ranks fourth globally for “buy bitcoin” within the last 90 days.

After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?Two of the countries that rank above SA on that list also hail from Africa – Nigeria and Ghana. Many of the world’s unbanked reside in these countries, and many more Africans in lands such as Zimbabwe are reliant on money remittance from family overseas. Bitcoin is ideal.

For bitcoin to flourish in any country it needs two things: public interest and a favorable regulatory environment. South Africa passes both tests with flying colors. Its government has spoken of taking a “balanced approach” to cryptocurrency regulation, and its second largest supermarket chain is currently trialing bitcoin payments.

After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?
90-day global search trends for “buy bitcoin”.


After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?Australia’s already caught the bitcoin bug, but there are signs that it could develop into a fever as virulent as that sweeping its Japanese counterpart to the north. Australia ranks second for “buy bitcoin” and “pay with bitcoin” on Google Trends in the last 90 days. One Australian utilities firm is processing US $ 750,000 of bill payments a week in cryptocurrency. That’s just the tip of the iceberg though, and if Australia goes Full Bitcoin – its Reserve Bank sees the potential in blockchain technology – the AUD could soon start creeping onto the fiat/bitcoin volume chart.


Slovenia – home to the cryptocurrency powerhouse that is Bitstamp – could just as easily have made this list. Instead, that spot goes its European cousin, Estonia. The tech-loving land, which bills itself a New Digital Nation, has its own e-Residency passport for “global citizens”. It’s also embracing blockchain technology and has floated plans for its own national cryptocurrency.

For all its progressiveness, the Northern European country has issued mixed messages regarding the status of bitcoin exchanges. Still, the appetite for crypto is strong in Estonia, which has spawned an impressive number of fintech startups in the token economy this year. If its government was to formally welcome bitcoin, Estonia would be primely positioned to become a market leader in fintech, blockchain, and digital ledger solutions.

After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?


Venezuela is the dark horse for cryptocurrency adoption. You won’t see it topping any Google Trends lists, but the appetite for an alternative payment and savings mechanism is there alright. While the country hasn’t tried to ban bitcoin, its police have clamped down hard on anyone caught mining cryptocurrency. It’s not so much the mining that’s the issue as the energy theft that often occurs. Then again, in a country that’s endured 700% inflation this year – a figure that’s tipped to top 2,300% next year – who can blame 100,000 Venezuelans for trying to mine their own money.

After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?

Unfortunately, for bitcoin to get bigger in Venezuela, living standards may need to drop further, forcing its impoverished people to take action. If a full-blown revolution were to topple the country’s weakened government, anything’s possible – yes, even a state whose new national currency is bitcoin.

After Japan and South Korea, Which Country Will Be Next to Catch Bitcoin Mania?There are other states that could have made this list including Singapore and any number of African nations. Everywhere you look in the world – developed nations and developing ones; stable countries and unstable ones – interest in bitcoin is piquing. Just as the global balance of power ebbs and flows between nations, so it is with cryptocurrency adoption. Japan and South Korea are leading the charge, but that is likely to change.

Which country do you think will be next to embrace bitcoin? Let us know in the comments section below.

Images courtesy of Shutterstock, Unsplash and Cryptocompare.

Express yourself freely at’s user forums. We don’t censor on political grounds. Check

The post After Japan and South Korea – These Countries Are Primed For Bitcoin Mania appeared first on Bitcoin News.

Bitcoin News

Pacific-Rim Countries Move Closer to TPP Deal

November 12, 2017 |

Eleven nations said they had made significant progress toward reaching a major trade pact 10 months after the U.S.’s withdrawal, but disagreements from Canada prevented a final deal. What’s News Asia


Children to sue European countries over climate change

October 20, 2017 |

A group of Portuguese children whose district was ravaged by deadly forest fires this summer is to sue 47 European nations, accusing them of failing to take action on climate change. – RSS Channel – World


ISIS arrests: How many are from travel ban countries?

October 18, 2017 |

They called it the “US Project.” Their goal, allegedly, was to carry out an ISIS terror attack on New York during Ramadan that would “show them what they hadn’t seen in 2001.” – RSS Channel – World

New Trump Travel Ban Affects 8 Countries

September 25, 2017 |

Citizens of eight countries, including North Korea and Venezuela, will face new restrictions on entry to the US under a proclamation signed by President Trump on Sunday that will replace his expiring travel ban. The new rules, which will impact the citizens of Chad, Iran, Libya, North Korea, Somalia, Syria,…

Trump approves updated travel restrictions on 8 countries

September 25, 2017 |

President Trump signed a proclamation Sunday restricting travel to those trying to enter the U.S. from eight countries.
FOX News

EU Pushes for Free-Trade Pacts With Countries Snubbed by U.S.

September 19, 2017 |

The EU is defying protectionist trends and pursuing its most ambitious agenda of free-trade agreements in years. What’s News Europe

Barcelona Victims Came From 24 Countries

August 18, 2017 |

Thursday’s horrific terrorist attack in Barcelona’s Las Ramblas tourist district was in some ways an attack on the world: Authorities say citizens of no fewer than 24 countries were among the victims of the attack, which killed 13 people and injured more than 100. One of the dead has been…

Yes, we can lower sky-high drug prices — other countries have done it

July 25, 2017 |

Scott Gottlieb, head of the Food and Drug Administration, wasted no time in his opening remarks at a forum last week on high drug prices.

“The fact is that too many people can’t afford the medicines that they need,” he declared.

On that, I hope, we can all agree.

The trouble is doing something…

L.A. Times – Business