- Blockchain interest falls 58% in three years, while AI searches rise over 560% globally.
- Nigeria ranks highest for blockchain interest; Vietnam leads in AI search interest.
- Despite Bitcoin’s price rally, blockchain interest has steadily declined recently.
Interest in blockchain technology has taken a notable downturn, with global search levels plummeting by 58% over the past three years, according to data from Google Trends. This trend aligns with the technology industry’s growing focus on artificial intelligence, which has seen a surge in web searches.
Despite positive sentiment in Bitcoin markets, blockchain search interest reached only 30 points on November 3, 2024, down from a high of 71 on the same date in 2021. In stark contrast, AI search interest has risen significantly, registering a score of 100 on November 2, 2024, a jump of over 560% since 2021.
The data reveals that Nigeria currently leads the global interest in blockchain, achieving the highest score of 100 on the Google Trends scale. This is followed by St. Helena and Ghana, with scores of 60 and 45, respectively.
Cameroon and China round out the top five regions with elevated blockchain interest levels, scoring 40 and 35 points, respectively. Blockchain-related searches peaked globally between February 14 and February 20, 2021, registering at the highest level over the past five years.
However, interest has steadily waned since that period, correlating with Bitcoin’s fluctuating market trends but diverging significantly in recent months.
Bitcoin searches have also shown a recent decline despite an ongoing price rally. From a score of 62 in early August 2024, Bitcoin interest fell sharply to 34 by November 3, 2024, marking a 45% decline within just three months. This downward trend in blockchain and Bitcoin interest highlights a broader shift in attention within the technology space.
Conversely, AI continues to dominate as a focal point for global tech interest. As of November 2, AI search levels reached 99, representing a 52% year-on-year increase.
Vietnam and China lead in AI interest, scoring 100 and 73, respectively, while Romania, Italy, and Myanmar also rank highly. This rising interest reflects a global pivot towards AI-related advancements and innovations across various sectors.
Notably, AI news searches also saw a recent shift, reaching 83 points on November 2 but dropping to 62 by November 3.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
