Surprising Google Data Hints at Tantalizing Bitcoin Moonshot

Joseph Young
Updated
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Surprising Google data suggests that the 2019 bitcoin price rally is only getting started. | Source: Shutterstock
Surprising Google data suggests that the 2019 bitcoin price rally is only getting started. | Source: Shutterstock

By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends.

However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run.

Google: Bitcoin Searches Still Down 88% from 2017 Peak

The sharp fall in the bitcoin price from above $6,000 to $3,150 in December 2018 led many investors to despair. Others simply lost interest, leading to a mammoth decline in crypto-related search queries.

The popularity of the keyword bitcoin has increased significantly since January 2019 but it still nowhere close to 2017 bull market levels
The popularity of the keyword bitcoin has increased significantly since January 2019 but it still nowhere close to 2017 bull market levels

The popularity of the keyword bitcoin has increased significantly since January 2019, but it’s still nowhere close to 2017 bull market levels. | Source: Google Trends

As the bitcoin price recovered from $3,150 to $10,915 in just a six-month span, search interest for the asset increased. But, even now, it is nowhere close to the enthusiasm seen in the 2017 bull market during which the bitcoin price peaked at $20,000.

Read the full story on CCN.com.

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