“Buy Bitcoin” on Google search engine surges 8 fold in the UK
Google search engine’s analytics data showed that globally huge numbers of people are looking to invest their money in Bitcoin (BTC), as several sentiments support a big Bitcoin rally in 2024.
Bitcoin (BTC), the top & first crypto asset by market cap, is currently trading at $34,000. The current trade price of Bitcoin is 19% higher over the last 7 days of trade price. In the last 24 hours, the trade price saw a correction of -2%.
In the last 7 days, the trade price of Bitcoin surged rapidly following the news related to Bitcoin spot ETF approval possibilities. Mainly people reacted to BlackRock’s Bitcoin spot ETF product IBTC appearance on the DTCC website.
The majority of veteran Bitcoin traders are optimistic about the Bitcoin market in 2024, as three big factors are supporting a big rally for Bitcoin. These three factors are bitcoin halving, approval of Bitcoin spot ETF applications, and the US presidential election which will help to bring a Bitcoin friendly US president.
The positive Bitcoin bull sentiments can also be seen in Google Trends, an analytic internet tool by Google search engine.
Cryptogambling.tv platform investigated the sentiments of retail investors through Google Trends and found that people are searching “Bitcoin buy” terms at a very high frequency.
According to research, the “Bitcoin Buy” search frequency in the UK region surged 823% in the last 7 days.
A Cryptogambling.tv spokesperson said that surging Bitcoin buy interest is showing that inclination of the traditional financial institutions toward the crypto sector is increasing.
Interestingly in the United States (US) the Google search frequency for “Should I buy Bitcoin now” surged 250% and more interestingly “Can I buy Bitcoin on Fidelity?” increased by over 3,100% in the last week.
This increasing search frequency on Bitcoin & crypto is not only a hint of a Bitcoin rally but also tied to increasing speculation on the potential of Bitcoin spot ETF approvals which will help inflow huge amounts of money into the Bitcoin market.
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