Retail investors are starting to poke around Bitcoin again
Google Searches for the term "bitcoin" are starting to trend higher again.
This is the first time that has happened in a significant way since June of 2019.
That was right around the time bitcoin peaked at $14k as Libra was about to come out and change the world!
Btw, did you guys see that Libra is re-branding to Diem? A topic for another day.
https://cointelegraph.com/news/libra-rebrands-to-diem-hoping-to-shake-off-associations
Back to bitcoin, here's the current google trends chart for "bitcoin":
(Source:
)https://twitter.com/Bitcoin/status/1333815307559833603/photo/1
- Bitcoin
This is the highest level since June of 2019 and double the level we were at just a month ago.
Retail doesn't like to miss out on the parties, they just tend to come in at the wrong times.
Though, if bitcoin is ultimately going to $100k or higher, this is still early for them.
Notice how high that number spiked back in late 2017, we are a long ways from that type of euphoria, about 1/5th to be precise.