Google searches for the word “bitcoin” hit a 6-month high


Interest in Bitcoin (BTC) has surged in the past six months, surpassing this month in January the moment the cryptocurrency reached its last historic high of $68,000 in November 2021.

According to the scale shown on the Google Trends website, it can be seen that Bitcoin reached an average of 51 points on the 100 scale today, January 31. said recovery Achieved it for the first time since June 2021when he reached 52 points.

It should be noted that Google Trends is a file A tool that displays the most popular search terms from the recent past.

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In this sense, they use a scale of interest over time ranging from 0 to 100, where 0 represents a sign that the word is not being searched for, and 100 represents that it is more popular among engine users. search.

Google metrics show a slight increase in searches for the word “bitcoin” since June 2021. Source: Google Trends.

As we mentioned at the beginning, the word “Bitcoin” Not pursued in November 2021when the cryptocurrency reached an all-time high of $68,000, a fact reported by CriptoNoticias.

It should be noted that last January witnessed two summits, Specifically on January 22 and 24, which corresponds to the price drop last week. This indicates that interest may be increasing at the moment, possibly due to investors’ desire for details about the reasons for the decline and future outlook.

It can be explained that Bitcoin is of interest to the public, although it is currently priced at $37,000, which is a 45% drop compared to last year’s high.

The word “Bitcoin” in El Salvador

The Google tool, in addition to showing the popularity of words in its search engine, also reflects interest in countries.

In this case, El Salvador tops the list of countries most searched for “Bitcoin”Averaged 100/100.

El Salvador leads the world in bitcoin searches, ahead of countries such as Nigeria, the Netherlands, Turkey, and Switzerland. Source: Google Trends.

This is undoubtedly driven by the adoption of cryptocurrency in the Central American country as legal tender and the controversy that has arisen in this country over BTC. The decision to put that nation and its chief, Neb Böckel, at the center of debates around the world.

So far, the measure has encouraged more people, especially bitcoin, to take an interest in what’s happening in El Salvador. Bypassing this measure is that American journalists Max Keizer and Stacey Herbert, staunch advocates of cryptocurrency, are planning to nationalize and stay in this country for a long time.

The other side of the coin is represented by international financial organizations that have criticized the adoption of bitcoin, among them the International Monetary Fund (IMF).

The International Monetary Fund said that recently Bitcoin arrives in El Salvador“It involves significant risks to financial and market integrity, financial stability and consumer protection.”

The IMF’s position joins that of the US risk-rating agency, Moody’s. An analyst from this company warned that the risks to El Salvador will increase if the government continues to buy more bitcoin.

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