Huobi: Search volume for “earn bitcoin” reaches new high, with the United States, India and the Philippines ranking first

According to Huobi Blockchain Research Center, the number of searches for "earn bitcoin" has increased in the past few years. According to Google Trends, the trend started in September and has continued to rise in the past few months, and has now reached an all-time high.

According to Google, most searches appear to be coming from the Philippines, India, and the U.S. This could be a great sign for Bitcoin adoption in the three countries, especially with the current banking crisis in India where millions of people are unable to withdraw their money.

Even more important than the trend of “Buy Bitcoin” is the Google Trends chart of “Earn Bitcoin”!
— Alistair Milne (@alistairmilne) December 4, 2016

The tragedy after the US election

Even in the hot autumn of 2016, Bitcoin still saw an increasing number of searches such as “buy bitcoin”, which was likely influenced by the US election and the two candidates’ stances on the economy.

Following the 2016 election results, U.S. stocks and Bitcoin have been rising steadily, with stocks climbing the most.

Expert: More people are getting paid via Bitcoin

Bitcoin has gained some ground, trading near $600 in September and over $700 in November, with a chance of reaching $2,000 in 2017, a trend that has heightened people’s curiosity about the cryptocurrency that can be cashed out.

Although the price of Bitcoin is over $700 and still rising, some employers and businesses have also begun to use Bitcoin because Bitcoin reduces transaction fees on the one hand and adapts to the growing demand for fast payments on the other hand. Of course, the reason may be that the number of people who accept Bitcoin as salary has increased, because it is easier to get a Bitcoin wallet than to open a bank or PayPal account.

Regarding this trend, Shaun Gilchrist, founder of Bitcoin Average, said:

“I think whether or not a person accepts Bitcoin as salary depends entirely on the country they come from. In my experience, developers in less developed countries, due to their banking difficulties, are more likely to accept Bitcoin payments, not as a better value option than their national currency, but as a payment method.

Huobi Blockchain Research Center learned that the three countries with the highest search volume for "earn bitcoin" may be related to banks. Because sending a bitcoin is simpler than logging into a bank account and sending an electronic transaction, bitcoin is accepted by most people precisely because of the popularity of the Internet and the permission of small transactions.

“If both parties accept and approve Bitcoin as a way to pay salaries, then there will be a group of people doing it. If people see their friends getting paid in Bitcoin, then the word will spread,” Gill added.

Of course there are different ways to get Bitcoin, and most guides recommend people to test the waters by trading small amounts of Bitcoin.

Bitcoin users who are testing the waters of trading can "earn Bitcoin" this way, and many freelance websites also allow freelancers to use Bitcoin as a payment method.