Google searches for ‘bitcoin’ nosedive 75% this year as interest in struggling cryptocurrency wanes

Check out CNBC’s article featuring DataTrek co-founder Nick Colas’ work on bitcoin:

“Bitcoin prices have struggled this year, along with the cryptocurrency’s ability to capture interest on the internet.

Searches for the term “bitcoin” have dropped more than 75 percent since the beginning of this year and roughly halved over three months, according to research from Google Trends.

Nicholas Colas, co-founder of DataTrek Research, pegged waning searches as a bad sign for prices.

‘We use Google Trends to track search queries for ‘bitcoin’ as a proxy for potential new buyers,’ Colas said in an email to clients Monday. ‘Bitcoin needs a new narrative in order to reestablish global attention’.”….

Read the rest here on CNBC!

Interesting Image
 

Out-Think Other Investors.

 
Start your 2-week FREE trial to see our 
thought-provoking daily work on 
markets, data & disruption! 
 
 
 
By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.