Bitcoin, especially with the rise it showed towards the end of 2020 and the records it broke along the way, increased the crypto money market with it many folds. While crypto money investors made money with this rise, millions of people from all over the world started to explore the crypto money market, especially Bitcoin, wondering about this income door.
Google’s search data also revealed how much popularity Bitcoin gained during the times of the increase. Accordingly, Bitcoin has seen a multiple increase in the number of searches during its rise in 2017-2018 and its rise since last year. While many people search for Bitcoin and decide to invest as a result, the value of Bitcoin has increased, while Google data has shown that interest in Bitcoin has decreased recently.
People hardly ever search for Bitcoin these days.
This situation, which was first shared by Ki Young Ju, CEO of data analysis platform CryptoQuant, showed that Bitcoin searches have dropped drastically recently. So much so that the search volume saw the lowest level of this year as it approached the end of 2021. On the other hand, Ju also gave an advice to crypto money investors in this process.
Ki Young Ju commented that in times of low interest like this, those who manage to stay in the market always win:
“The volume of Bitcoin searches on Google has dropped to its lowest level this year. If you are still interested in crypto, you can keep your faith for the future of cryptocurrencies. Because those who have historically been able to wait until small investor interest hits their lowest level are ultimately winners in this game. ”
Bitcoin, which was circulating around 47.500 levels as of the moment of writing this article, reached an all-time high by seeing $69 thousand on November 10. The cryptocurrency was at $29,000 on January 1, 2021.
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