Google Trends is always something fascinating to keep an eye on, especially when one is invested in Bitcoin and FinTech. The most recent report shows how the number of Google searches has gone up by 200% in the past week, which should come as no surprise.
Charts don’t always tell the full story, and that situation is no different when it comes to these Google Trends results. Even though the number of Bitcoin searches has more than doubled, traffic did not start picking up until May 1st and 2nd, which was close to the date when Craig Wright claimed to be Satoshi Nakamoto.
Whether or not this vast number of searches comes from mainstream media outlets trying to educate themselves on Bitcoin all of a sudden, remains to be seen. But it is probably not a coincidence to see the number of searches more than double before the Satoshi Nakamoto announcement. Someone has been doing a lot of research on Bitcoin all of a sudden.
At the same time, it is good to see Google Trends charts which indicate Bitcoin is becoming more and more popular. There are a lot of benefits to this cryptocurrency, although there is still a lot of education to be done. Consumers and enterprises search for Bitcoin on Google have taken matters into their own hands to learn more about cryptocurrency.
However, it remains to be seen if this Google Trend can continue over the coming weeks. For now, there is a lot of attention on Bitcoin due to Craig Wright claiming to be Satoshi Nakamoto, but once this discussion quiets down again, the search results will drop off as well. That is unless people have finally seen the light and embrace Bitcoin all of a sudden.
Last but not least, there is the mounting financial turmoil all over the world, which forces consumers to look for alternative forms of finance. Bitcoin is a perfect candidate for this scenario, thanks to its low transaction costs, global availability, and no banks or governments being involved in the process.
Source: Imgur
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