We all know bitcoin has been on a surge over the last several months, both in price and popularity (or at least, curiosity). Google has only confirmed this with their latest search data, as more people searched for bitcoin than the Chinese yuan, City A.M. reports. According to the article, interest in the cryptocurrency peaked on November 5th, coinciding with its price peak. Another global currency, the Japanese yen, was also out-searched during the same time frame. After the bitcoin price fall, searches for bitcoin dropped to the same level as the yen.
NewsBTC reports that more people have started researching about growing interest from central banks and governments in bitcoin and blockchain. Recent rulings, including that by the European Court, are in favor of treating bitcoin as a currency.
We took our own look at Google Trends to identify how bitcoin compared to global currencies over the past month. Of course, results matched what City A.M and NewsBTC reported, though we looked at other global currencies as well. Interesting findings include:
- The Australian dollar, Canadian dollar and Mexican peso were also out-searched by bitcoin on its peak search day.
- The Swiss franc was out-searched by bitcoin for 29 of the past 30 days, the exception being October 18th.
- The highest interest in bitcoin by nation came from the Netherlands, followed by Canada, Indonesia and the United States:
- The highest interest in bitcoin by city came from Amsterdam, followed by San Francisco, New York and Toronto.