Google Searches for Bitcoin Plummet Amid Global Decline in Interest

25.05.2024 09:20 73 times read Reading time: 2 minutes 0 Comments

At Google: Fewer and Fewer People Are Searching for Bitcoin

According to BTC-ECHO | Bitcoin & Blockchain since 2014, the interest in Bitcoin has significantly declined, as evidenced by decreasing search volumes on Google. This trend is particularly noticeable after major events such as ETF approvals, all-time highs, and halvings.

The report highlights that while countries like El Salvador and Nigeria still show strong interest due to their unique economic situations, globally, gold remains a more popular search term compared to Bitcoin. Despite this decline in searches, BTC-ECHO argues that theoretically, Bitcoin could be a better store of value than gold because it experiences lower inflation rates.

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Bitcoin News: BTC Will Never Replace USD According to Morgan Stanley

FinanzNachrichten.de reports that analysts from Morgan Stanley believe Bitcoin will never replace the US Dollar (USD). They argue that despite ongoing inflation and rising debt levels affecting fiat currencies like the USD, its stability makes it irreplaceable for now.

Morgan Stanley's analysis points out that cryptocurrencies are too volatile for everyday transactions and would likely continue being used primarily for speculative investments rather than practical financial operations. However, they acknowledge that if regulatory frameworks improve and market capitalization grows through institutional investment vehicles, volatility might decrease over time.

Markets in the Morning: Volkswagen, RWE, Boeing, and Cryptocurrencies in Focus

DER AKTIONÄR TV's Marco Uome provides an update on various markets including traditional stocks like Volkswagen and RWE alongside cryptocurrencies such as Bitcoin and Ethereum. The segment discusses how these assets have been performing recently amidst broader market trends.

This morning briefing also touches upon other significant companies like Boeing and Lenovo while providing insights into potential future movements within both equity markets and cryptocurrency spaces based on current data analytics.

Wall Street Grabs Bitcoin - DER AKTIONÄR Reports on Institutional Interest in New ETFs

A recent article by DER AKTIONÄR reveals surprising levels of institutional interest in new Bitcoin spot ETFs approved earlier this year in the USA. Large investment firms managing over $100 million had until May 15th to disclose their holdings, which showed substantial allocations towards these newly launched products.

The publication notes experts' astonishment at how quickly institutions have adopted these ETFs since their introduction. This development suggests growing confidence among professional investors regarding Bitcoin’s long-term viability as part of diversified portfolios despite previous skepticism about its volatility risks.

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Article Summary

Interest in Bitcoin has significantly declined, as evidenced by decreasing Google search volumes and Morgan Stanley's assertion that it will never replace the USD due to its volatility. However, institutional interest in new Bitcoin spot ETFs indicates growing confidence among professional investors regarding its long-term viability despite previous skepticism.

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» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.