According to reports and aggregate data from Google, Bitcoin is on the rise in Africa. Bitcoin is attracting investors in Africa, for example, in a typical group of investors such as Millennial in Africa, Catherine Byaruhanga of Uganda. For example, a young resident from Kampala, Peace Akware, hopes the bitcoin she has invested will increase enough for her to buy a car, maybe even buy the land someday. Another person from Kampala, Martin Serugga, is teaching electronic money in his weekly class with more than 50 attendees. Serugga teaches the class how to trade electronic money against Fiat used in the country.
Other reports also mention that since the economic and political crisis in South Africa began, locals began to search for Bitcoin. On this trading day, Etoro made a comeback in March when regional finance minister Pravin Gordhan lost his position. "In South Africa, the number of new users trading Bitcoins through Etoro increased 671 percent from January to the end of November last year over the same period in 2016, higher than the growth rate, '' said Mati Greenspan, an analyst. overall manager 574% ".