Google searches may have dropped by 75% this year in direct relation to the price however, people are still searching for the worlds to digital currency more than Beyoncé and Blockchain
Google search drop for Bitcoin related to price
Nicholas Colas, co-founder of DataTrek Research, believes that the drop in Google searches for Bitcoin isn’t a good sign for prices.
In an email sent to clients earlier in the week, Colas said this:
"We use Google Trends to track search queries for Bitcoin as a proxy for potential new buyers… Bitcoin needs a new narrative in order to re-establish global attention.”
Colas also added that growth in new cryptocurrency wallets increased by just under 4% compared to the last quarter of last year being at around 7.6%.
Bitcoin or Beyoncé?
When looking at the big picture, a lot of mainstream media sources say a lot of negative remarks regarding Bitcoin in an attempt to cast a shadow of doubt over the digital currency
Regardless of these media outlets, you can’t deny that Bitcoin is the leader of the cryptocurrencies. But it doesn’t just seem to rule over the cryptocurrencies
and it seems to also be getting some attention in pop culture.
Over the course of the past month, the searches for Bitcoin have been greater than the number of searches for Beyoncé and Trump, who are easily the most recognisable people in the world today.
In fact, it is surprisingly more popular on Google than some of the biggest stars in the world today, a few are, Taylor Swift and Kim Kardashian. But the one which really stands out is going to be the biggest event of 2018, the World Cup. Even Bitcoin surpasses the World Cup for being one of the hottest search terms right now on the search engine.
All this information clearly shows that Bitcoin is the
most popular cryptocurrency. It was actually the second most popular search term on Google in 2017.
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