Google Searches for 'Bitcoin' Reached 3-Month High

Google Searches for 'Bitcoin' Reached 3-Month High
By 
Coin Cloud Team
, published on 
October 29, 2019
Google Searches for 'Bitcoin' Reached 3-Month High

According to Google Trends, Google's global search for "Bitcoin" (BTC) — currently worth $9,400 — reached a 3 month all-time high. Recent interest has been at the highest level since early August when the value of BTC had been around $11,700.

Notably, Africa is home to three of the top five regions with the most keyword searches. Nigeria, South Africa, Austria, Ghana, and Brazil are the top five regions.

As reported earlier today, the Paxful peer-to-peer cryptocurrency trading platform said its volumes in South Africa have grown by 2,800% over the past year.

Google searches for "blockchain," on the other hand, did not see any major leap in interest … despite receiving praise from the President of China, who urged the nation to accelerate the development of blockchain technology.

Overall, the graph shows that the number of blockchain searches has been much more stable than those for Bitcoin, without any rapid increases or decreases, as compared to WeChat patterns, where "blockchain" and "Bitcoin" searches soared, as reported yesterday.

Meanwhile, state media in China today reported that the country would adopt blockchain technology, but warned against "speculating" in cryptocurrencies like Bitcoin. Following the endorsement of blockchain technology by state authorities, stocks in Chinese blockchain A-share companies were up to their daily limit of 10%.

Want to buy or sell your own Bitcoin? Find your nearest Coin Cloud Bitcoin ATM here.

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

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