Are Failing Currencies Boosting Crypto Interest? Investing.com Suggests Yes

Bitcoin has long been touted as a digital currency that would gain traction where government-issued monies have failed – but is it really doing so?

Though some have written off the notion as the cryptocurrency has become more accepted as a store of value, new data actually supports the correlation. The new finding comes from Investing.com, and is based on traffic from its global user base.

The study, released this week, shows that users from five of the nations with the worst-performing currencies so far in 2017 (as determined by NomadCapitalist), visited its cryptocurrency pages more often than others.

Countries with a disproportionately high viewership included Venezuela, Argentina, Belarus, the U.K. and Egypt – all countries the entrepreneur platform views as having conditions favorable for capital flight.

Full story at http://bit.ly/2xiVAtV

Source: CoinDesk

 

 

 

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