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Author Topic: Bitcoin Surpassed The "Stocks" Search Term (Google Trends)  (Read 239 times)
Kakmakr
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August 14, 2019, 06:34:55 AM
 #21

It is easy to explain this :

During 2017 the Bitcoin price skyrocketed and it got the attention from speculators and traders all over the world. Everyone with a bit of cash wanted to get in on the action and they knew very little about Bitcoin, so they jumped on the internet and started to Google to find out more.

The latest spike in the Google Bitcoin searches are just a frantic effort from Stock market traders to look for a quick method to hedge against the falling prices of stocks after the trade wars between the USA and China increased. They are all looking for a new Safe haven to protect their wealth and Bitcoin is seen as a possible option to hedge against these potential losses.  Roll Eyes

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jostorres
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August 16, 2019, 07:31:23 AM
 #22

I would not be surprised if that is really true because people are tending towards where there is fast and easy money now and we know that it is still a lot easier and faster to make money in cryptocurrency than Forex and stock.

Stock profit grows too slow and the percentage is very low even when you pout large amount of money, but with bitcoin, you could put a small money right now and get x2 of whatever you invested with, who would give you such in stock, and one of the reason why bitcoin search maybe more popular is because it is still a new technology and investment, people are still learning about it and the best way for them to get the answer to whatever it is they want to know about bitcoin is for them to search it out of the Google system.

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