Google searches for “buy Bitcoin” have surged worldwide as Bitcoin’s price skyrockets. In the UK, these searches have spiked by a staggering 826% in just one week. Find out more about this growing interest in digital assets.
Google search queries related to buying Bitcoin have seen an extraordinary surge globally, coinciding with a significant rally in the price of BTC. Notably, in the United Kingdom, searches for “buy Bitcoin” skyrocketed by a remarkable 826% in just seven days.
This trend underscores the growing enthusiasm and the potential impact of traditional financial institutions entering the digital asset arena, as highlighted by Cryptogambling.tv.
I've gotten a lot of questions regarding my current view on Spot #Bitcoin ETFs over the last couple weeks. This is the first section of the note I put out yesterday with @EricBalchunas.
TLDR: Our view hasn't changed much https://t.co/dRAm5IsdQf pic.twitter.com/Htsi3n2XxV
— James Seyffart (@JSeyff) October 13, 2023
While the UK led this surge, there was also a notable increase in similar searches worldwide. In the United States, searches like “should I buy Bitcoin now?” increased by over 250%, while more specific queries such as “can I buy Bitcoin on Fidelity?” saw an astonishing 3,100% spike in the last week.
Additionally, the search term “Is it a good time to buy Bitcoin?” gained 110% globally, indicating a broader interest in cryptocurrency investments. Simultaneously, searches for “BlackRock Bitcoin ETF” grew by 250%, reflecting a growing curiosity about BlackRock’s pending spot Bitcoin exchange-traded fund.
This surge in interest follows Bitcoin’s recent price surge, with the cryptocurrency briefly exceeding $35,000 on October 24, marking its highest value since May 2022. The anticipation centers around the potential approval of a spot Bitcoin ETF, expected to attract significant institutional investment.