[2018-01-16] Google Search Volume for Bitcoin Keywords Increased by 1000% During

[ivanpoldark]

Google Search Volume for Bitcoin Keywords Increased by as Much as 1000% During 2017

Following bitcoin’s incredible performance and increased media coverage during 2017, there is no doubt that bitcoin has witnessed increased user adoption. Estimates regarding the scale of bitcoin’s growth vary due to the anonymous nature of bitcoins transactions; however, the search engine traffic for terms such as ‘bitcoin’ are generally seen as a reliable indicator of the growth in bitcoin’s user adoption. The most recent figures made available by Google indicate an increase in searches for prominent keywords relating to bitcoin of many hundreds of percent when comparing data from 2016 and 2017, whilst bitcoin became the ninth most visited page on Wikipedia during last year – indicating a significant increase in bitcoin user adoption.

On Wikipedia, Bitcoin Was the Ninth Most Visited Page for 2017

According to Wikipedia’s annual report the 50 most visited pages on the website, bitcoin ranked ninth for 2017. The report describes bitcoin as “the much-hyped ‘future of money’”, adding that the world’s first cryptocurrency “has turned into the most speculative intangible asset of all time.” The report states that the page was visited 15,026,561 times during 2017.

Traffic for bitcoin’s Wikipedia page peaked on the 8th of December – when BTC experienced a dramatic retracement of approximately 20%, falling from the then all-time high of $17,171 USD on Bitfinex, before bouncing off the approximately $14,000 area. Despite bitcoin’s meteoric price performance during 2017, the Wikipedia report recognizes some of bitcoin’s shortcomings that emerged during the year – stating that bitcoin “prov[ed] totally unsuitable as a means of payment” due to the controversy surrounding the scaling issues that have plagued BTC throughout the year.

Read more: https://news.bitcoin.com/google-search-volume-for-bitcoin-keywords-increased-by-as-much-as-1000-during-2017/

[wenya]

Bitcoins spread through major news media this year. Many people are attracted by its tremendous increase. All have joined the investment in virtual currency, so the search volume has increased a lot.

[jseverson]

This isn't much of a surprise at all. Once the media got a hold of Bitcoin going from the $6,000 range to the $10,000's, everyone picked up the story and everyone got into a rush to invest. This is also around the time the massive transaction traffic jam started, and the rush brought the price up to the all-time-high levels. December was a busy month. It's a little sad how the value has gone down so much, yet we still have around the same levels of transaction backlog.

the Wikipedia report recognizes some of bitcoin’s shortcomings that emerged during the year – stating that bitcoin “prov[ed] totally unsuitable as a means of payment” due to the controversy surrounding the scaling issues that have plagued BTC throughout the year.

I wonder what Wikipedia report this is referring to. I checked the Bitcoin page on Wikipedia and it made no mention of Bitcoin being unsuitable as a means of payment. I also googled for some Wikipedia reports floating around and didn't find anything. Typical bitcoin.com shilling then? Lol.