Whenever Bitcoin is getting a surge in price, something happens also in the Google search area - usually there is an increase in interest. While correlation doesn't necessarily implies causation, this is a thing, and an important metric which can be used to evaluate overall interest for the crypto market.
If you look at Google trend data for the term "Bitcoin", you get this nice chart for the last 90 days:
As you can see, there was a dramatic surge in interest a couple of days ago, when Bitcoin suddenly crossed above $5,000.
But we would be biased if we wouldn't have a look at the bigger picture too, in this case, at the chart for the last 12 months, not only for the 90 days. And here's how this chart is looking:
So, although the recent spike is abrupt, indicating a solid interest for the topic, it doesn't even match the volume of queries logged around November last year. And, compared with the beginning of 2018, is just at 75%.
But even in these circumstances, I find this increase in interest relevant, which may help a lot with a better understanding of the phenomenon. Big steps have been made during the last year, but we're still very far away from a relevant adoption of crypto, so every spike is to be appreciated and cherished, when it happens.
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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