Going by Google trends, interest Bitcoin has been growing again from Jan 2023 (when it was around $23k) from 41% interest to currently just 54% (when it's around $51k).
That's 13% additional interest yet the price has more than doubled and is sitting just $13k from it's ATH.
From 1st Jan 2016, interest in Bitcoin started rising and a new all time interest high in Jan 2017. It's price went from $450 in Jan 2016 to a new BTC ATH of almost $20k in Dec 2017 (11mths after interest had peaked).
On the 1st Jan 2019, interest in Bitcoin again started to rise to an ATH in Jan 2021. It's price went from $3.5k in Jan 2019 to a new ATH of almost $65k in Nov 2021 (10mths after interest had peaked).
TL;DR
Theoretically if this cycle proves to be in anyway correlated, Bitcoin is still at the foot of a potentially momentous run of interest and price appreciation.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments