Falling rate bitcoin ensures higher search volume on Google

The bitcoin course is making a leap of faith, and that is creating more worldwide interest in bitcoin. According to figures from Google Trends, almost as much is now being searched for bitcoin as at the end of October. The price of bitcoin then rose by forty percent following a positive speech by Chinese President Xi Jinping. You could draw the cautious conclusion that people are waiting for a good buying moment, and use Google to stay up to date.

Contents hide

1 Renewed interest in bitcoin

2 Especially many searches in Africa

3 But still not at the old level

4 Related posts:

Renewed interest in bitcoin

Bitcoin is not nearly dead yet. Major price movements are still in the mainstream news, and that leads to more interest in bitcoin and cryptocurrency. This also applies to the price movement of last week and today.

Google always compares the interest with the peak of a certain period, this date is assigned an index of 100. The peak of the last 90 days was on October 26, the day that bitcoin rose forty percent in a day. Last Friday, bitcoin searched for an index term of 80, so the interest in bitcoin was almost as high as on that famous 26 October.

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Especially many searches in Africa

It is striking that much is being sought from Africa for bitcoin. According to Google, bitcoin is especially popular in Nigeria, followed by South Africa and Ghana. Then follows Austria and Switzerland. We can find the Netherlands in eighth place.

You would expect a lot of googling in America. Bitcoin seems to live there, through the launch of Bakkt, the granting of a license to Fidelity and the submission of multiple bitcoin etf applications. But appearances are deceiving, we only come across America in nineteenth place.

VPN services can also play a role in these figures.

But still not at the old level

If you are in bitcoin yourself, it seems that you encounter bitcoin everywhere. But the interest of the ordinary man for bitcoin seems to be waiting. The search volume for bitcoin reached a peak in the week from December 17 to December 23, 2017. That was the week after bitcoin recorded its highest rate ever.

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In the week of June 23 to 26, bitcoin was searched relatively much

After that, the interest in bitcoin has faded somewhat. However, this year interest in bitcoin rose somewhat again. In the week of June 23 to 26, bitcoin was searched relatively much. Last week interest in bitcoin gets an index 9, compared to the end of December 2017.