According to Google Trends data, people are currently using the search engine to search more about the top cryptocurrency, bitcoin, than Kim Kardashian.
This shows how much interest is bitcoin actually getting. This surge in search queries with the term “bitcoin” came right after the $1,000 green candle that happened on 3 April with the bitcoin price going above $5,000.
This seems like good news for bitcoin and for a fresh bull run start. With more searcher usually, new fiat money enters the cryptocurrency market and prices go higher.
The Google Trend ratings are aggregated by calculations, where;
“Numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. Likewise, a score of 0 means the term was less than 1% as popular as the peak.”
According to Bloomberg, the surge in bitcoin price has been caused by April fool jokes. Some think that the reason is that investors are exchanging pound for Bitcoin ahead of Brexit which is due to occur in mid-April.
Today, Bitcoin is changing hands at $4,963 at the time fo writing and it is down by 0.78% in the last 24 hours according to Coinmarketcap.com.
