Gold and Bitcoin Searches Skyrocket on Google Trends Amid US Banking Turmoil
Google Trends has revealed a surge in searches related to buying gold and bitcoin. The search term “how to buy gold” reached a perfect score of 100 during the first week of April 2023, and “how to buy bitcoin” hit the same score two weeks earlier. Over the past six months, gold has risen by 20%, and bitcoin has experienced an 8.9% increase in the last 24 hours. The banking crisis of mid-March saw the collapse of three major U.S. banks, leading to an upsurge in the value of both gold and bitcoin. Market observers are keeping a close watch on the First Republic Bank crisis, as the bank lost over 50% of its value during Tuesday’s trading sessions.
Clever Robot News Desk 28th April 2023