Although the bearish period that the cryptocurrency market is going through is having an impact on several digital assets and companies, it seems to have no effect on investor interest in bitcoin (BTC). Indeed, recent data recorded by Google Trends shows that there is an increase in the number of searches for the keyword “bitcoin”.
Growing interest in bitcoin (BTC)
Google Trends is a useful and practical tool that allows you to know the search flow in relation to a keyword and to see its relevance. Better, it helps assess interest that Internet users relate to this keyword. And as you might expect, Google Trends has repeatedly proven to be very useful for cryptocurrency investors. For example, based on this tool, many of them had invested in the shiba inu (SHIB) asset when this cryptocurrency had a good position in Google Trends statistics.
Over the past few days, the query “bitcoin” has gained high rankings in Google Trends, as search interest has jumped from 51 to 100. Previously, interest had risen from 19 to 51 and stabilized at this level due to the situation in the digital currency market. This means 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 dropped. But this time, everything has changed. Several factors may justify this situation. Among other things, we can mention the fact that more and more neophytes to the world of cryptocurrencies are trying to take their first step on the market. For the majority 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 suggests that interest in the queen of cryptocurrencies has not faded. On the contrary, Satoshi Nakamoto’s digital asset continues to seduce the world.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.