As the price of Bitcoin is related to queries to Google? The analyst
Source:
Dutch economist and Advisor to the National Bank of the Netherlands, Joost van de Burgt discovered the dependence between the value of Bitcoin and the number of the request is the first cryptocurrency to Google. About it writes .
As an example in favor of the theory of the economist gave the growth period is the first cryptocurrency, which peaked in November-December last year. Regardless of negative or positive news the number of requests for Bitcoin in Google has grown along with the price of the coins, said van de Burgt.
theand How is Google
If everyone around you is boiling, no matter what happens in the news. Everyone wants to grab a piece of the profits.
According to the economist, in January of 2018, the Bitcoin bubble has burst — and the negative consequences of this process, partially offset by the launch of futures on the first cryptocurrency. This analyst believes that the coin has a great future.
Bitcoin is different from what we've seen before. Perhaps in 10 years, its market capitalization is very high — it will happen when the coin will be a global means of payment.
In June , the number of requests for "Bitcoin" in Google Trends have fallen 75 percent since the beginning of 2018. Expect the return of the search engine into operation after the new bullrun.
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