Google Trends search analytics resource data demonstrate that the amount of search queries for the word “bitcoin” increased to maximum weight for a month.
According to existing data, searchers of bitcoin continue growing since Facebook cryptocurrency Libra has been announced. Even despite the fact that searchers concerning Libra itself began to decline since 18 June – the date, when was announced White Book of the project.
In general, the amount of bitcoin search queries in Google at the current moment is much less and makes just 10% from maximum number, which was fixed during “bullish” rally of 2017, when BTC price reached $20 000. Evidently, returning public interest correlates with the new “bull” market. Today Bitcoin is traded at the level $10 800 – 35% higher, than it was a month ago.
From the point of geographical distribution of queries, the most popular Bitcoin is in Nigeria, South Africa, Austria, Switzerland and Ghana. Investment platform notes that the fact that the amount of bitcoin queries stays much less than previous peak suggests that lost profit syndrome hasn`t still become major moving force for resuming price impulse. On the other hand, a lot of factors says that institutional demand for bitcoin is growing.