![]() ![]() In other words, Bitcoin searches on Google could perhaps increase as the uptrend resumes. This means bitcoin pricesearches have great growth potential. However, the bitcoin pricekeyword has a Google Trends value of 16. The term's popularity is shown by search interest within a particular region over a five-year period. (Note: The value range for a term in Google Trends ranges between zero and 100.) The search term was at a score of 70 between January and May 2021, which correlates to massive bitcoin priceproliferation to an all-time high of $64,000. We first focus on the Bitcoin cryptocurrency and the trading volumes of Bitcoin as The Google. Google Searches For Bitcoin-Related Terms Are Poised To Growĭuring the Bitcoin boom of 2017, the “Bitcoin” keyword reached 100 in Google Trends. Bitcoin is the most popular crypto in Europe, while meme. In 2021, the number increased to 194 million. For instance, CoinMarketCap reported 60 million average monthly visits between 20. The top Bitcoin-related websites reported an increase in site visits websites that received the highest visits include CoinMarketCap, Binance and Coinbase. The Bitcoin boom contributed to increased interest and many prediction sites expect this trend to continue throughout 2022. Bitcoin searches are 57 times more popular than searches for dollars in the U.S. probably because people are less likely to search about their own currency. The interest gap is even bigger in the U.S. Perhaps there are many sites and app platforms that provide exchange rates for dollars and euros, butBitcoin is relatively new, meaning users will have to search online. In 2021, searches for Bitcoin were seven times more than the dollar and 42 times more than the euro. Bitcoin search popularity was also higher than fiat currencies. But again, this does not imply a spike in searches will affect the pricing.Īccording to Semrush, the correlation between Bitcoin-related searches and price was 82% globally and 79% in the U.S. While this is not entirely wrong, data shows that an increase in Bitcoin-related search interest preceded the Bitcoin boom. In other words, people's interest follows price growth. The most common assumption is that searches increase when the bitcoin priceincreases. Correlation Between Bitcoin Searches And Price Its anonymized (no one is personally identified). The estimated volume of Bitcoin-related search keywords in one year totaled 51.4 million. Google Trends provides access to a largely unfiltered sample of actual search requests made to Google. ![]() Bitcoin searches increased 450% in the five months between April and September. While the Semrush study showed that the search volume increased as the price of bitcoin grew, it did not say whether the searches predicted the exchange rate between bitcoin and the dollar.
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