Receive all Bitcoinist news in Telegram! The number of Google bitcoin news april 2013 for Bitcoin has trumped its previous record high, according to Google Trends. The third week of May saw interest in Bitcoin spike past its previous high set in November 2013. Bitcoin’s unprecedented price rise has undoubtedly driven recent interest towards it, having more than doubled since the beginning of 2017.
The cryptocurrency’s first search spike before that also coincided with a small price bubble around April 2013. Although it should be noted that correlation does not equal causation, some investors are now pointing out that Google Trends is becoming a reliable indicator for bubbles and price reversals. Google trends is actually a great leading indicator for price reversals during manias. Interestingly, Nigerian interest appears to have peaked at the beginning of 2017, right at the start of Bitcoin’s current run. Interest in Estonia likewise peaked in December 2013, following the 2013 Bitcoin bubble. US interest more closely resembles Bitcoin’s overall trend, with search spikes in April 2013, November 2013, and May 2017. The economic centers of California, Nevada, Washington, and New York all claim the top four spots.
Mississippi lags at the bottom of the list, with just half the number of searches as California. What do you think of the renewed interest in BTC and other cryptocurrencies? Are they finally gaining mainstream acceptance? Or will interest drop with the price once again? Tell us in the comments below! Bitcoin Price Analysis: Oh Boy, the Bears are Back in Town! At the same time, however, he believes the cryptocurrency space will see many winners once the dust finally settles.