That has not stopped other analysts from looking elsewhere. It has been hypothesized that the search term surge could be related in part to the Bahamas Telecommunications Company BTC. The surge coincides with hurricane Dorian hitting the Bahamas. At the time, local media were reporting on the loss of the BTC telecom network.
While searches for BTC have declined somewhat, they continue to remain historically high. In both Nigeria and South Africa, Google Trends reveals that Bitcoin and cryptocurrency continue to steadily gain in popularity. Both countries also have a sizable number of unbanked citizens. Peer-to-peer Bitcoin trading is on the rise in Africa, lending some credence to the motion that unbanked regions of the world are ideal footholds for mainstream Bitcoin adoption.
Indices in This Article
According to Coin. As this went on, Bitcoin struggled.
- wise bank bitcoin?
- Category: Peristiwa.
- bitcoin blockchain stock.
- Google Searches for Bitcoin Are Skyrocketing in Argentina.
However, as the economic crisis created by the coronavirus loomed, interest in digital currencies soared. Realizing this, the frenzy began.
Several publicly listed companies like MicroStrategy , Square , Cyberpunk Holdings began to buy Bitcoin in the wake of the pandemic. PayPal also started offering cryptocurrency services for its customers.
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Many retail investors who were also looking at where to put their money began investing in the asset. As of writing, the worldwide number of coronavirus deaths was 2. In the space of a year, over million cases had been recorded. As the cases grew, unemployment fell. By February , unemployment was at 6.
Google Searches for ‘Bitcoin Price’ Hit 18-Month High
Fears of currency devaluation and the search for an economic hedge against inflation prompted investors to diversify their investments into Bitcoin. Also, Bitcoin seems to pique the interest of many. As more and more people begin to adopt the idea of digital assets and digital currencies, the search for answers about Bitcoin continues to grow.
In a comparative Bitcoin adoption survey carried out by The Tokenist, about half of millennials said they were eager to tap into Bitcoin.
Bitcoin Search Trends on Google and Investopedia
More people are transacting on the blockchain as Bitcoin eclipses gold. That is still high, but not as high as before. However, amongst all the nations, Nigeria is one country where the Google search interest trend for Bitcoin has seen a surge after its own currency Naira losing almost half of its value against the US dollar. Having considered all the speculations around this financial asset, no one can say for sure if its value will stay steady, or perhaps it will even soar higher! Let us wait and watch. Labels: bitcoin Business chart cryptocurrency finance infographic money news Technology.
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