A Bitcoin-related search term topped one of Google’s ‘See what was trending in 2018′ lists.
Mainstream recognition of the coin began during its notorious rise to fame in December 2017 and January 2018, when the coin clocked a 1,400% increase in value and reached the $20,000 mark.
Since then, Bitcoin has fallen by more than 80% in a bear market.
People Want to Know About Bitcoin
The question ‘what is Bitcoin?‘ was the most searched ‘What is…?‘ term in the US and the UK in 2018, as reported by Google Trends.
The fact that people are searching so much about the coin suggests that there is a fundamental shift in how people perceive cryptocurrencies. They want to find out more about Bitcoin and learn what it has to offer.
People are also interested in other cryptocurrencies, particularly the second largest one by market capitalization, Ripple.
The term “how to buy Ripple” was the fourth most-asked ‘How to’ question on Google.
The Bitcoin Market Has Been the Opposite
After reaching record highs at the beginning of the year, Bitcoin started a decline in its price that is continuing till date resulting in many investors losing large sums.
This price trend appears to have been going in the opposite direction to Google Trends, where Bitcoin took the top spot in the ‘What is…?’ category.
Whether Bitcoin’s price decline will continue or not remains to be seen. However, hedge fund manager and former Goldman Sachs partner Mike Novogratz suggests that people are sobering up from last year’s highs.
In a recent interview with Bloomberg, he said that people are now on the opposite side of the spectrum, fearing that the coin will go to zero. “But it’s not going to zero,” he said.