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18 January 2021

Internet Searches for 'Bitcoin' Explode amid Inflation Fears

Internet Searches for 'Bitcoin' Explode amid Inflation Fears


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As of this week, Google Trends, a metric to measure general interest in trending topics, returned a value of 100 for the US search query for the keyword ‘Bitcoin.’ That is more than three times higher than the value of 30 observed in late September-early October 2020 session on a 12-month timeframe.

Its record came as a part of a rally that witnessed the Bitcoin price rising by more than 400 percent from its mid-March nadir of $3,858.

Crypto market analyst Jebb McAfee looked at the difference as a bullish sign, stating that an underscored Google trend attached with a record high Bitcoin price showed that the cryptocurrency had more room to grow higher.

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