The first thing that comes to mind? Bitcoin surpasses "stocks" in Google search volume.
More and more people are starting to come across information about Bitcoin. However, recent data shows that in the Google search engine, the number of searches for Bitcoin has surpassed that of stocks.
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In the financial category search data from last month on Google Trends, the search popularity for Bitcoin was 24, while for stocks it was 14.
This is the first time Bitcoin has surpassed stocks in Google search volume. Since October 2017, the public has gradually become interested in this decentralized currency, but it seems that along with the year-end price, the interest has rapidly declined, returning to a relatively stable state.
While people searching for stocks may search for specific stocks rather than just typing the word "stocks," imagine a young person who wants to learn about investing. Initially, they would likely look into stocks they are familiar with to understand the existing stock market or stock exchanges.
Such individuals are emerging every day, so the red line representing the search volume for stocks in the chart shows a stable quantity, and fluctuations can be more accurately predicted based on age demographics.
In contrast, Bitcoin is a very new concept, so not only young people but also individuals of all ages who understand stocks may not necessarily know what Bitcoin is. Therefore, the volatility of Bitcoin in the search volume chart is somewhat greater.
However, we can also see some stability between May 2018 and May of this year, even showing a gradual upward trend, indicating that people are reigniting their interest in Bitcoin. Whether due to recent influences such as the US-China trade war or Facebook's launch of the Libra project, more and more evidence has shown that Bitcoin is getting closer to traditional financial markets. This data suggests that perhaps cryptocurrencies will become a mainstream investment commodity similar to stocks.
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