Crisis Stricken Nations See Interest Increase For Gold, Bitcoin
Numerous nations throughout the world are currently dealing with currency or debt crises of one kind or another. Greece has stolen the headlines where they’ve needed to secure a bailout from the European Union so as to not go broke, and Puerto Rico, a US protectorate, has said it will not have the funds to service its debt. The Chinese stock market has collapsed with the government instituting controls to prop it up, while in Venezuela inflation ravages the food aisle, which have gone bear in recent months.
In China, you see gold is clear winner in the wake of recent turmoil. Included in this article are the regional interest data points from Google Trends.
Included in this article are the data points for regional interest. In China, regional interest in Bitcoin is different than the other countries. Whereas in Greece, Puerto Rico and Venezuela interest in Bitcoin is tied to the main cities of the country, in China the interest appears more diffuse.
As you see below, interest in both gold and Bitcoin have increased in terms of Google Trends search queries in Greece. Gold has seen a modest spike, while Bitcoin is clear winner in terms of new, recent interest in Greece.
As in the remaining countries, precious metals queries occurs throughout the nation, while Bitcoin queries is more-so located in Athens.
In Venezuela, gold and Bitcoin have seen an increase in search queries, silver not so much.
And regional interest in Venezuela:
- Venezuelans are interested in silver throughout Venezuela.
In Puerto Rico, similar trends: