E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings – Money management
You are at:Home»Crypto»‘Bitcoin Dead’ Google Seaches Skyrocketed to Yearly Highs When BTC Fell Below $20K
Crypto

‘Bitcoin Dead’ Google Seaches Skyrocketed to Yearly Highs When BTC Fell Below $20K

By June 21, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

The interest in bitcoin has started to pick up again, but this time, retail is also searching for something more unconventional. The number of Google queries for “Bitcoin dead” has skyrocketed to a new high amid the ongoing market crash.

Bitcoin and Bitcoin Dead Searches on the Rise

Google searches are typically a good indicator of what retail investors are looking for. They tend to start exploring assets that are hot, which was evident with the NFT craze of last year, the DeFi summer before that, and can be seen frequently with bitcoin.

For example, when the cryptocurrency is experiencing highly volatile price movements, more retail investors come to the scene and vice-versa. As such, the Google queries were missing in the past several months but returned last week when the asset plummeted by over $10,000 in this timeframe to an 18-month low of $17,500.

The “Bitcoin” Google searches exploded and reached a 13-month high. Interestingly, the most queries came from El Salvador – the first nation ever to legalize BTC, followed by Nigeria, Austria, the Netherlands, and Switzerland.

Bitcoin Searches on Google. Source: Google Trends
Bitcoin Searches on Google. Source: Google Trends

But this time, it was a bit different. People were also looking for “Bitcoin Dead,” showing that they had been affected by the massive crash. Such searches skyrocketed to the second-highest level ever, trailing only to the late 2017/early 2018 BTC price collapse.

Bitcoin Dead Searches on Google. Source: Google Trends
Bitcoin Dead Searches on Google. Source: Google Trends

Being Dead Hundreds of Times

For its relatively short life of just over a dozen years, bitcoin has garnered the attention of many nay-sayers who have pronounced it dead multiple times. In fact, 455 times to be precise, according to a special website designed to track such proclamations.

So far, though, none of them has turned out to be accurate as BTC has overcome all odds and, whether it had taken weeks, months, or years, came back swinging.

The latest example of someone (very familiar) calling bitcoin dead came on June 18 when the full-time hater, critics, doubter, and everything in between – Peter Schiff – said the following:

Long-term Bitcoin #HOLDers aren’t worried as they’ve been through 73% declines before. But previous declines didn’t involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover.

— Peter Schiff (@PeterSchiff) June 18, 2022

In all the previous 454 times, people got it wrong when they said something similar, so it’s just a matter of time to see if Schiff will finally get it right (after being proven wrong many, many times in the past).

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



[ad_2]

Source link

Related Posts

Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report

By September 28, 2022

China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

By September 28, 2022

Binance Launches Training Program For Law Enforcement Agencies

By September 28, 2022

FTX US President Brett Harrison Steps Down

By September 27, 2022
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.