Is FOMO kicking in again? Today, Bitcoin has grown more than 15%, but the price is not the only increase Bitcoin has seen recently. Apparently, according to research by Coindesk, the number of Google searches for Bitcoin has also been going up, reaching a new all-time high since April this year.
There is no doubt that 2018 has been a tough year for Bitcoin and the rest of the cryptocurrencies. As the price slump continued to take a big toll on the price value of various virtual currencies, a research on Google trends reported in October that a growing percentage of the general public lost its interest in digital assets, including Bitcoin.
A part of the study showed that the number it Bitcoin searches had fallen to a yearly low. That said, it seems that things are changing. Google’s trend explorer reveals that the weekly number of worldwide searches for the keyword “bitcoin” has reached a new high since last April. Data from Google reveals that ‘bitcoin’ searches in the past three days alone made up 17 percent of its all-time-high weekly search volume set from Dec. 17-23, 2017.
Google trend data further reveals that the most searches for bitcoin in the world over the past week came from Nigeria, South Africa, and Austria, in that order. Interestingly, the U.S. barely cracked into the top-20, ranking in at 19.
It is not strange to see that the number of Google searches for Bitcoin have been going up. With Bitcoin hitting a yearly low of $3500 last week, and because of it getting a lot of media coverage, this probably contributed to the increase in Google searches.