Retail Interest in Bitcoin is Dwindling, Google Data Suggests

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Bitcoin’s price surge to as much as $69,000 last year and a range above $40,000 this year has failed to attract continual interest from retail crowds, search data from Google Trends suggests. By shauryamalwa

Bitcoin’s price surge to as much as $69,000 last year and a range above $40,000 this year has failed to attract continual interest from retail crowds, search data from Google Trends suggests.

Interest in bitcoin was at its peak in 2017. Relative to that, the search interest fell in 2021 and reached levels last seen in 2020 this week. “Bitcoin has risen in price several times, with its investment threshold becoming higher for new users," explained Johnny Lyu, CEO of KuCoin, in a Telegram message."But many new cryptocurrencies known as altcoins have appeared since, which, according to users, can be more attractive as investments."

 

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shauryamalwa

shauryamalwa So a pretty typical cycle….got it

shauryamalwa This shouldn't matter if the crypto ponzi doesn't need more suckers to drive up the price, right? Right? Oh, the only way they can make money is if more people pile in? Interesting

shauryamalwa I'm sure it's not the best indicator to draw such conclusions

shauryamalwa BTC dominance is deceeasing. The flipping is coming soon 🔥🔥🔥💕💕💕 do not sell your coins 🔥💕💕

shauryamalwa

shauryamalwa

shauryamalwa Where is their interest going? Eth layer 2?

shauryamalwa Failed? the thing you didn't believe in in 08 is worth almost 40 Grand a piece your perspective not mine buddy.... Haha failed... That's all I think before we talk even me too in that case I'll shut up stay tuned folks... 🤔🙃

shauryamalwa

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shauryamalwa So a good time to keep scooping up more bitcoin as well as altcoins Though, in the short term anything can happen and we can head to lower prices. Crypto

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shauryamalwa Why dоesn't anyоne talk abоut it?

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