Searches for the term “bitcoin” on Google hit yearly high
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Answer Searches for the term “bitcoin” on Google hit yearly high
The number of searches for the terms “Bitcoin,” “Bitcoin plummeting” and “Bitcoin dying” on Google’s search engine soared to new heights as the value of bitcoin plummeted.
Interest in Bitcoin is starting to pick up again, Google data shows, but this time around, those interested are looking for something unconventional.
The number of Google searches for “Bitcoin death” has risen to a new high amid the ongoing meltdown in the crypto market.
Searches for “Bitcoin Death” reach a record level:
Google searches are usually a good indicator of what retail investors are looking for.
Previous data shows their exploration of the new hot asset NFT which was evident with the NFT craze last year, the DeFi summer before that, and the same with Bitcoin.Read:Bitcoin drops back to $36,000 after Fed chief threatens to raise interest rates
For example, when bitcoin experiences extreme price fluctuations, more retail investors come into the scene and vice versa.
As such, Google searches have been weak in the past several months but came back last week when Bitcoin dropped more than $10,000 in this time frame to an 18-month low of $17,500.
Google searches for “Bitcoin” exploded and reached their highest level in 13 months.
Interestingly, most of the searches came from El Salvador which was the first country ever to legalize Bitcoin, followed by Nigeria, Austria, the Netherlands and Switzerland.
As we’ve been told, it’s a little different this time.
Where investors search for the term bitcoin death rather than how to buy bitcoin or what is bitcoin, which may indicate that they were affected by the massive collapse that occurred recently.
These searches have jumped to their second highest level ever
Repeating the phrase “Bitcoin is dead”:
Due to its relatively short life of just over twelve years, Bitcoin has captured the attention of many critics who have pronounced it dead several times.Read:The founder of Cardano: The failure of the digital currency will lead to the failure of the entire crypto market
In fact, there are 455 times to be exact, according to for a website A special designed to track such statements that Bitcoin is dead.
But you did not believe these statements, and Bitcoin is still alive and even improving its network performance year after year.
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