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Google Trends Indicates A New Interest In Bitcoin

Cryptocurrencies and bitcoin are becoming an economic phenomenon that is also permeating into the core of the society itself, a thing that was most apparent when the interest in bitcoin went sky-high with its price last December. And how Thomson Reuters, the famous consulting agency established earlier this year, there is a clear relationship between the buzz of the term Bitcoin, and the market price that the crypto asset holds over time. Google Trends is now showing an increase in the number of searches that include the term bitcoin on the internet, but what does this really mean?
Google Trends is a great utility brought by the giant search engine that lets us know how many times a term is entered and searched through Google. It is primarily a measure of the interest that people has over a certain term or idea. So, as it is reported by Forbes, the interest in bitcoin has risen in the last days. It could be due to several key factors, but the important part is that bitcoin has resurfaced to decent levels of interest, compared to what it experienced earlier this year when prices fell more than 50%.
The truth is that lately, with so many projects, people, and startups interested in cryptocurrencies apart from the usual ones like exchanges and Initial Coin Offerings, this is no surprise. In fact, even old tech technologies like IBM and banks like Morgan Stanley have announced blockchain and cryptocurrency related projects this month: IBM by testing a system for banking processes and Moran Stanley by appointing a new position, the head of digital assets. All of this seems to indicate that the worst has happened and that the road to massification and standardization for cryptocurrencies is right ahead, but there are many factors that have to do with it besides this.
Nonetheless, people are thinking more about bitcoin lately, and that cannot be a bad thing.

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