‘Bitcoin Dead’ Google Seaches Skyrocketed to Yearly Highs When BTC Fell Below $20KThe number of “bitcoin” and “bitcoin dead” searches on Google have skyrocketed to new highs as BTC slumped in value.
The interest in bitcoin has started to pick up again, but this time, retail is also searching for something more unconventional. The number of Google queries for “Bitcoin dead” has skyrocketed to a new high amid the ongoing market crash.Google searches are typically a good indicator of what retail investors are looking for. They tend to start exploring assets that are hot, which was evident with the NFT craze of last year, the DeFi summer before that, and can be seen frequently with bitcoin.
For example, when the cryptocurrency is experiencing highly volatile price movements, more retail investors come to the scene and vice-versa. As such, the Google queries were missing in the past several months but returned last week when the asset plummeted by over $10,000 in this timeframe to anThe “Bitcoin” Google searches exploded and reached a 13-month high.
The latest example of someone calling bitcoin dead came on June 18 when the full-time hater, critics, doubter, and everything in between – Peter Schiff – said the following:
Source: Digital Coin News (digitalcoinnews.net)
Bottom very close then
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