HONOLULU (KHON2) — A 2022 study found that Hawaiʻi is amongst the top 10 states in the country most interested in cryptocurrency. The report analyzed Google Trends data from the 12 months’ worth of data and ranked each state by how often people searched for crypto-related terms online.
California took the top spot with a score of 675. Hawaiʻi came in at #7 with a total score of 548. That placed Hawaii ahead of Utah, Massachusetts and Oregon.
The rankings were based on seven search terms: “Crypto”, “Bitcoin”, “Ethereum”, “Dogecoin”, “Cryptocurrency”, “NFT” and “Coinbase.” Each state was given a score for each term, and those numbers were combined for a final ranking.
Hawaiʻi scored highest on “Cryptocurrency” with 97. That was followed closely by “Bitcoin” at 93 and “Crypto” at 90. The lowest score came from “Coinbase” at 42.
A spokesperson for report said, “The crypto world has had its fair share of ups and down in terms of popularity, often brought on by new inventions like NFTs or other exotic things like Dogecoins capturing public interest.”
Some states remain more invested than others. Nevada, New York, New Jersey, Florida and Washington rounded out the top six ahead of Hawaiʻi. On the other end of the list, Mississippi ranked last with a score of 302.
The study utilized search data only, without measuring actual ownership or trading volume. The full report included rankings for all 50 states. Hawaiʻi was the only island state in the top 10.
You can click here to read the full report.
