Although the bearish period that the cryptocurrency market is going through is affecting some digital assets and companies, it seems to have no effect on the interest of investors in bitcoin (BTC). In fact, data recorded recently by Google Trends shows an increase in the number of searches for the keyword “bitcoin”.
Increased interest in bitcoin (BTC)
Google Trends is a useful and practical tool that allows you to know the search flow for a keyword and see its relevance. Better, it helps consider interest that Internet users relate to this keyword. And as you would expect, Google Trends has been proven time and time again to be very useful for cryptocurrency investors. For example, based on this tool, many of them were invested in the asset shiba inu (SHIB) when this cryptocurrency had a good position in Google Trends statistics.
Over the past few days, the query “bitcoin” has achieved high rankings in Google Trends, as interest in the search has increased jump from 51 to 100. Previously, interest had increased from 19 to 51 and stabilized at this level due to the situation in the digital currency market. This means that the king of cryptocurrencies continues to attract a crowd of investors despite the drop in price.
In this regard, it should be noted that there is a paradox. In the past, when the price of bitcoin fell, the number of Google searches related to the digital asset fell. But this time, everything has changed. A number of factors may justify this situation. Among other things, we can mention the fact that more and more neophytes to the world of cryptocurrencies want to take their first step on the market. For most of them, given its age, bitcoin is the best entry point into the sector.
As the bearish period continues for the cryptocurrency market, the number of searches for the term “bitcoin” increases dramatically. This indicates that the interest in the queen of cryptocurrencies has not faded. On the contrary, Satoshi Nakamoto’s digital asset continues to fascinate the world.
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Luc Jose Adjinacou
Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.