Bitcoin, which has attracted attention with its price that has increased a while ago, seems to still not attract enough attention in Google Trends despite all this increase. Here is Google Trends data.
It is possible to see the interest in the word related to a “Bitcoin” search on the Google Trends page. Despite the significant rise in Bitcoin, Google Trends shows that this rise is still not attracting enough attention.
As the chart shows, interest in Bitcoin seems pretty low right now compared to the rally in early 2021.
Google’s trend line is drawn over 100 peak points and it is possible to read that the interest decreases as the value moves away from 100. As can be seen in the chart, Bitcoin search, which was closer to 100 peak points at the beginning of 2021, is hovering at an average of 35 points today.
Looking closer at the chart, Bitcoin’s May 16 period represents the period when it had the highest interest. Since the average scores are above 80 in January and February, it is possible to interpret that there is still a search trend.
The current value, on the other hand, has only 31 points and is quite far from the peak value.
When we analyze the search trends on a country basis, we come across slightly different data. At the top of the list, as expected, is the country of El Salvador. While Turkey ranks 3rd in the list, the USA is only 23rd.
What Does Google Trends Mean?
Google Trends is a tool that is measured based on search volumes and interest on Google. It would be difficult to say that the rise in BTC following the gradual increase in interest in Bitcoin was a coincidence. New investments entering the crypto money world increase the value of the coins invested due to the nature of the crypto money world.
The rise in BTC will attract the attention of new investors, increasing demand and limited supply may help a rise in BTC price.