‘BTC Interest’ Skyrockets On Google Trends, But Why?

‘BTC Interest’ is seemingly exploding on Google Trends as the search results for the number one cryptocurrency are booming as we can see in the latest cryptocurrency news reports. The real question is why?

The phenomenon started at the end of August when ‘’BTC’’ searches started growing immensely. As the charts show, the ‘BTC Interest’, especially for the term, is now reaching a value of 100. This shows that it has already reached a peak in popularity based on the data that is gathered since the start of September. This is a very important outcome if we take into consideration that the search results for BTC have failed to peak further than a value of 25. This result is even more revealing if you put BTC alongside another popular and trending topic as for example the USD and the symbol for the US dollar. Even more interesting is that while the search results for BTC have hit an all-time high, the results for ‘’bitcoin’’ remain far below their 2017 peak.

Many see this as a relation between the search interest for bitcoin and the price action citing the connection as the most important critical indicator of demand so it is easy to see why. If we, for example, place the search interest for Bitcoin over the last five years alongside a price chart for the same amount of time, this will show the same, precise relationship. Despite the impressive 10 percent rise this week, it’s unlikely that the price action caused this increase in interest on Google because the search trends for ‘’bitcoin’’ should have spiked as well.

It is still not clear just what is causing this spike because nothing about makes any sense. It doesn’t seem like there is a connection to any significant movement of price or news coverage because the news seems especially prevalent in Eastern Europe. Judging by the shifting nature of the results, this could be organic traffic because people like to use Google frequently so they keep up with the information, as we showed before in the reports in the altcoin news on the DC Forecasts crypto website.