05 Jun '13, 1pm

China Climbs To Top Spot In Monthly #Bitcoin Downloads, Second Overall

China Climbs To Top Spot In Monthly #Bitcoin Downloads, Second Overall

Last month we showed the initial impact after Chinese state-run broadcaster CCTV ran a piece about bitcoin. The Chinese presence in bitcoin has continued to accelerate since then, even as the rest of the world tempered its rate of adoption. In May, China surpassed the previously-dominant US in number of monthly bitcoin downloads, with 85K compared to 64K in the US. Not only did China climb it’s way to the top spot for the first time, but it was also the only country out of the top 10 highest all-time downloading nations to increase the number of monthly downloads in May. Countries listed in order of all-time downloads. For further context, the graph below shows US and China download trends in 2013. You’ll notice that China’s downloads have so significantly increased recently that they comprised nearly 30% of global downloads in May and have almost doubled their representat...

Full article: http://www.thegenesisblock.com/china-climbs-to-top-spot-i...

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