Google searches for btc have dropped by 75% of this year in direct corelation with the price, thought people are still searching for the worlds top cryptocurrency than the beyonce and blockchain.
BITCOIN GOOGLE SEARCHES CORRELATE WITH PRICE.
According to nicholas-colas, co-founder of data trek reaserch, the drop in searches is a bad sign for price.
We use google trend to track search queries for "BTC" as a proxy for potential new buyers" colas said in email to client monday. BTC need a new narrative in order to restablish globle attention.
Graph numbers represent search intrest relative to the highest point on the chart for the given rigion and time. a values of 100 is peak popularity for the term. a value of 50 means that the term is half popular.
Colas adds that growth in new cryptocurrency wallets have only increased by only 3.7% this year. as opposed to 7.6% during the last qurter of 2017.
BITCOIN BEATS " BEYONCE" AND SOMETIME "TRUMP".
When its comes down to it , mainstream media sorceas like to cast doubt on BTC despite for natural tendency for searchesto correlate with price. though this is certainly a 'chicken or the egg' argument.
regardless, BTC is a king of the cryptocurrencyis proving to be a top contender when its comes to pop culture.
In the past month search for BTC have been greater than beyonce and only a few point below trump. who is arguably the most recognizable person in the world today.
When we incorporate afew more popular search terms, we see BTC is more popular than the TAYLOR SWIFT and even KIM KARDASHIAN.
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