Trump and Bitcoin contention on Google Trends

According to Google Trends data, Google users’ search for information about Bitcoin surpassed the search for information about US President Trump.. In Google Trends charts, it is seen that Bitcoin was much less in Trump and Bitcoin searches until the end of the year, but much more towards the end of the year.

We can say that this year was the year of the rise of Bitcoin and the crypto money industry.. Many interesting developments have been recorded in the industry, including the US-based Coinbase.. These developments clearly show how much interest in the sector has increased.

The growth of the cryptocurrency sector is accompanied by the number of top Wall Street executives who stand on it. While the CEO of JP Morgan Jamie Dimon and Nobel Prize winner Robert Shiller said to these that the crypto money industry would collapse but “will not go to zero”, Joseph Stiglitz was among those who said that “Bitcoin should be banned”.

<

Others, such as billionaire investor Carl Icahn, compared cryptocurrencies with historical bubbles: they made analogies such as the Mississippi bubble, tulip bubble and dot bubble. These comparisons were headlines that ultimately led to more bitcoin search queries.

Bitcoin futures contracts currently traded on the CBOE and CME have definitely helped the industry grow as they allow institutional investors to easily acquire the cryptocurrency ecosystem. .

Data shows ‘Bitcoin‘ searches on Google surpassed ‘Trump’ searches in late November, when cryptocurrencies started to rise to a new high. At the end of November, the price of Bitcoin was traded at $ 8,000, while in December, it exceeded the band of $ 20 thousand and traded at an all-time high.. With a correction of around 40% in a short time, it is trading at the level of 12 thousand 750 dollars at the time of writing.

Bitcoin at the White House

Especially, this year, the US president or administration is talking about cryptocurrencies. We didn’t see him say much.

Earlier this month, when White House press secretary Sarah Huckabee Sanders was asked about bitcoin and other cryptocurrencies, it was announced that they were being “watched” by the White House.

<

“Tom Bossert, who is an adviser to the Prime Minister, had a meeting with the US Security team earlier this week. I know it’s something he’s keeping an eye on. “

Bitcoin bull Mike Novogratz:

In our experience so far, US regulators have been sensitive to the evolution of the cryptocurrency industry.

strong> he said.

CCN