Trading News

Read The Latest News & Analysis

Google Trends Show Gushing Interest in Bitcoin

Interest In Bitcoin
Share on:

Bitcoin’s record-breaking bull rally is ongoing with full fervour. Google trends show a gushing interest in bitcoin around the globe emanating from the price surge.

The year 2021 seems like the year of bitcoin. The price of BTC broke out of $30K barrier on the 3rd of January. The value of currency hit $42K for the first time in history on Friday last week making things more interesting. This took the total cryptocurrency market cap to $1 Trillion.

The bitcoin became a buzz word with this price movement. Everywhere in the news media, BTC was making headlines. Google trends are also depicting that people’s interest in bitcoin. In the past 5 days since Jan 10th, interest in term ‘bitcoin’ has reached 100 points. It is telling of the fact that bitcoin no longer has a cult following. The currency is pretty much mainstream now.

The people of Nigeria have the highest interest in bitcoin according to the data. Whereas, the European country ‘Austria’ is at the second number with 47 interest points.

Interest in Bitcoin
Source: Google Trends

Investors are Flocking towards Bitcoin:

As bitcoin becomes the talk of the town, people are increasingly investing in the currency. The top 100 bitcoin addresses have bought bitcoin worth 1 Billion dollars in the last 30 days only. These addresses belong to both individuals and exchanges. With institutional support and fame, the crypto market will find it easier to compete with traditional finance.

Bitcoin is everything that paper money is not. It is not owned by any central body. Noone can inflate or deflate it. The volatility factor will also be out of the equation once the number of bitcoin owners increases. So, we are ushering into the age of digital currency. Those who are not buying BTC are missing out on a big opportunity.

Note: To learn more about cryptocurrency trading and crypto market, follow our blog.

Recent News

crypto market

Richest Crypto Billionaire CZ has Assets Worth $96 Billion

Cryptocurrency has cultivated a new generation of billionaires The CEO of Binance exchange, Changpeng Zhao, is the richest crypto billionaire with his wealth amounting to $96

crypto market

Crypto Market Keeps Dropping on the Watch

Bitcoin reached $32K on Monday after significantly dropping over the weekend The whole crypto market went south following the pioneer cryptocurrency The sentiments of fear

crypto market

Multi-Million Dollar Crypto Scam: Pakistan to Investigate Binance

Federal Investigation Agency (FIA) of Pakistan has started a criminal investigation into a multi-million dollar crypto scam that involved people sending crypto funds from their

crypto market

Bitcoin Buyers are Holding and Accumulating Instead of Selling, Glassnode Reveals

Glassnode’s weekly report suggests that Bitcoin buyers are now holding as 76% of the supply of the coin became illiquid In the first week of 2022, the Bitcoin market is

Let's Chat