in Bitcoin (BTC) The recent extreme volatility is causing investor interest to shift away from Bitcoin.
Far from its $69,000 ATH in the past 2021 year bitcoin It’s around $40,000.
Google Trends search data, of BTC compared to last year, this year showed that it could not attract the attention of retail investors.
from google According to the data obtained, worldwide Bitcoin searches are at the levels seen in mid-2020, with 17 out of 100 for the week of April 17-April 23, as of April 22, 2022.
This figure remains quite low when compared to 2021. Because BTC searches had reached the level of 76 out of 100 in May 2021.
It was stated that this data does not mean that the total number of searches for Bitcoin has decreased, it just means that its popularity has decreased compared to other searches.
Google data also shows that most of the searches for Bitcoin Nigeria, El Salvador and AustriaTurns out it was made from.
Some experts argue that this decrease in Bitcoin searches is of interest to retail investors. DeFi tokens or Left (LEFT) and Avalanche (AVAX) He stated that he turned to tokens such as Because the search for these coins on Google has increased considerably.
In addition, experts pointed out that although retail investor interest in Bitcoin has decreased, institutional investor interest has increased.
In this context, frequent Bitcoin purchasers MicroStrategy His company has bought billions of dollars worth of BTC in recent years. The company holds a total of 129,218 Bitcoins with its last purchase.