Bitcoin Surges in Popularity as Blackrock ETF Sparks Interest, According to Google Trends
In the past month, the popularity of the term “bitcoin” has seen a significant rise, evident from Google Trends data.
On June 21, 2023, searches for bitcoin reached a perfect score of 100. Notably, the curiosity around bitcoin-related news has also experienced a notable uptick, with topics like Blackrock’s exchange-traded fund (ETF).
As of June 28, the data from Google Trends clearly demonstrates a substantial rise in search activity since May. On that day, the search term bitcoin scored 61 out of 100. However, its popularity began to soar during the first week of June, reaching an impressive score of 81.
By June 21, the search term bitcoin achieved a perfect score, just a few days after Blackrock’s bitcoin ETF. The most recent data point within the 30-day period recorded a score of 82 on June 24.
When it comes to regional interest, El Salvador stands out as the country with the highest level of interest in searching for bitcoin. Following El Salvador, notable interest in bitcoin can be observed in Nigeria, Brazil, the Netherlands, and Slovenia, respectively.
The top five associated topics linked to web searches for bitcoin include “Blackrock,” “Blackrock Investment Management Company,” “SEC,” “U.S. Securities and Exchange Commission,” and “exchange-traded fund.” The most prevalent query, according to Google Trends metrics, is “Blackrock Bitcoin ETF.”
Alongside the surge in basic web searches for bitcoin, there has also been a significant increase in interest regarding bitcoin-related news. On June 21, 2023, searches for news related to bitcoin reached a flawless score of 100.
The top five associated topics linked to both bitcoin and news include “exchange-traded fund,” “Blackrock Investment Management Company,” “Blackrock,” “Bitcoin Mining,” and the “U.S. dollar.” Data from Google Trends reveals that the regions displaying the highest level of interest in bitcoin news worldwide over the last 30 days are Greenland, Western Sahara, Iceland, Mauritania, and Guinea.
Clever Robot News Desk 30th June 2023
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