At some point, technology and the search to learn new information about the technology diverge and never look back.Īt that point, the technology will have reached widespread enough adoption to have long-term staying power. RELATED READING | BITCOIN GOES PARABOLIC ON GOOGLE TRENDS, JUST AS PRICE EXPLODESīecause people no longer search for terms like “how to send email” doesn’t mean that email is suddenly dead. Why? Because as more and more people know exactly what Bitcoin is and what it means, there’s less need to search for information on it. Using Google as a barometer of sentiment will become less and less effective over time. There also could be more to the Google Trends breakdown that Peterson recognizes. On March 6, 'Ethereum Merge' was about 21 as popular as it is now. Even if the short-term trend does break down, the long-term trend still points upward.
The latest rally has the potential to eclipse what 2017 was capable of, and has already doubled its former all-time high set that year. The cryptocurrency has been on its second strongest uptrend historically, easily crushing 2017 that put the asset on the map in the first place.īitcoin reached over $40,000 yesterday | Source: BTCUSD on Timothy Peterson of Cane Island Global Macro believes that with the trend breaking down on Google Trends, t he price of Bitcoin will soon follow. Get the latest Ether (ETH / JPY) real-time quote, historical performance, charts, and other cryptocurrency information to help you make more informed trading and investment decisions. Is Google Trends a “poor man’s sentiment indicator” as one chartered financial analyst and crypto investment manager claims? Could Waning Google Search Interest Be A Sign A Correction Is Coming To Crypto? The Google search trend has turned down, will price follow? | Source: Google Trends
0 kommentar(er)
