There are plenty of reasons as to why people should take an interest in Bitcoin and cryptocurrency. Whether they look for financial freedom, or just want to use a global payment method without much friction, everything is possible. The number of Google Searches for Bitcoin have gone up by 57% recently. This is an exciting development, albeit that doesn’t mean much in general.
Bitcoin Continues To Trend On Google
It is not the first time that Bitcoin has been a hot topic among Google searches and trends. Not too long ago, it appeared there was a growing interest in cryptocurrency, as more people were actively seeking information about it. However, there was no significant price increase, and things trucked along as normal.
That being said, it appears that the number of Google searches for Bitcoin has gone up once again. In fact, there have been 57% more Bitcoin searches on Google in the first part of October. There is no specific reason for this trend, other than the slight value increase per Bitcoin that has taken place.
One thing is for sure, though, and it is that Bitcoin is on the minds of a lot of people these days. The continuing financial turmoil is forcing a mind shift as consumers are pushed to alternative forms of finance. While Bitcoin is a far cry from reaching global mainstream adoption, the tides are slowly shifting in its favor.
Although an increase in Google searches is quite interesting, it does not mean all that much right now. A peak interest in cryptocurrency could signal much better things to come, albeit it remains doubtful that any major shake-ups will happen overnight. While we would all like to see a Bitcoin price of US$5,000 or more, that will not happen soon.
On the other hand, Bitcoin has been making positive headlines as of late. Japan is quickly becoming a hotbed for cryptocurrency usage, as Coincheck users can pay their electricity bills in Bitcoin. Moreover, the country was one of the first to label Bitcoin as a legal currency, despite not being issued nor controlled by the country’s central bank.
It is possible that the recent news regarding Japan’s cutting of Bitcoin sales tax has caught some attention. In doing so, they became the first country to officially recognize Bitcoin as a currency, without taxing its usage. This may sound like a minor victory, but it is a big step forward for the cryptocurrency ecosystem as a whole.
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