No surprise that Bitcoin's price somewhat mirrors its popularity on the internet and social media. And who better than Google Analytics to help us understand Bitcoin's popularity over the last 90 days or so.
According to Google, Bitcoin's popularity first reached a value of 100, a peak popularity, on January 11th of this year. Faded down to a value of 35 on January 26 where it languished until February 7th where it started a rapid climb to 96 by February 9th. Again fading down to a low of 50 this time on February 13th. Then climbed back to 96 by February 23 before dropping to 49 on February 27th.
The popularity values represent Google search interest for the given region and time. A value of 100 is the peak popularity. A value of 50 is half as popular.
I've been looking at worldwide popularity for some time now. While it is not something I would trade on, it gives a big picture of interest.
This is not investment advice and should be used for educational purposes only. Only you are responsible for your investment decisions.
Photo is courtesy of Pixabay which is a License, free for commercial use and with no attribution required - Link.
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