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Bitcoin’s 292,000 Daily Wikipedia Hits Shows Huge Public Interest

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Bitcoin's 292,000 Daily Wikipedia Hits Shows Huge Public Interest

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Cryptocurrency page views on popular web-based encyclopedia Wikipedia have been eclipsed by the flagship cryptocurrency Bitcoin over the past month with the page being visited more than 292,000 times a day.

The interest in cryptocurrencies on Wikipedia bears no correlation to the position of different coins global market cap position with Brave’s Basic Attention token (BAT) receiving the third number of views after Ethereum which registered 46,000 hits a day between 24 December 2018 and 24 January 2019.

Behind Ethereum, Ripple was viewed 21,500 times a day over this period followed by Bitcoin Cash with 19,700, and Monero with 17,200. Dogecoin and Litecoin registered 15,900 and 11,400 respectively.

The order of page views differs from that of cryptocurrencies ranked in terms of their market cap. Software company DataLIght commented that the figures suggested that readers of Wikipedia were likely to be more interested in “rather old and well-known coins”, which would explain the lack of correlation to the coin market cap placings.

Wikipedia’s figures highlight the continued interest in Bitcoin above other cryptocurrencies. Compared to a year ago, the computing power dedicated to the Bitcoin network has more than doubled. Investment is receiving more interest from traditional investors as security has tightened and the SEC is considering exchange-traded funds applications, which if accepted, will encourage institutional growth, inviting larger companies to utilize Bitcoin products with greater confidence.

Banks are increasingly turning to blockchain products to increase the speed of cross-border payments due to increased efficiency, cost and speed.

 

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