Google searches for “buy Bitcoin” have skyrocketed, indicating a worldwide surge of interest in cryptocurrencies. In the United Kingdom alone, searches for this term increased by a staggering 826% in just one week, according to research from Cryptogambling.tv.
This surge in “buy Bitcoin” searches in the UK, along with the resurgence of cryptocurrencies, highlights the growing interest and potential impact of traditional financial institutions in the digital asset world, says a spokesperson from Cryptogambling.tv.
While the UK was at the forefront of the search trend, there was also a noticeable increase in searches related to purchasing Bitcoin from internet users across the globe.
Data from Google Trends reveals that in the United States, searches for “should I buy Bitcoin now?” increased by more than 250%, and searches for “can I buy Bitcoin on Fidelity?” surged by over 3,100% in the past week.
On a global scale, the search term “Is it a good time to buy Bitcoin?” experienced a 110% increase in the past week. In comparison, searches for “BlackRock Bitcoin ETF” grew by 250%, indicating widespread interest in information about BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is currently awaiting approval.
This surge in interest coincides with a significant increase in the price of Bitcoin over the past two weeks, with the cryptocurrency briefly surpassing $35,000 on October 24, a milestone not seen since May 2022.
The excitement surrounding Bitcoin appears to be closely tied to the potential approval of a spot Bitcoin ETF, which many experts believe will trigger a fresh wave of institutional buying. Senior ETF analysts Eric Balchunas and James Seyffart have placed a 90% probability of approval by January 10 of next year.
According to TradingView, Bitcoin has gained more than 27% in value over the past two weeks.
Why have Google searches for “buy Bitcoin” surged in the UK?
The surge in searches for “buy Bitcoin” in the UK reflects a worldwide trend of increasing interest in cryptocurrencies, particularly with the recent surge in the price of Bitcoin and the potential approval of a Bitcoin ETF.
How much did searches for “buy Bitcoin” increase in the UK?
In the UK, searches for “buy Bitcoin” increased by a staggering 826% in just one week, according to research from Cryptogambling.tv.
What other related Bitcoin search terms have experienced a surge in popularity?
Data from Google Trends shows that searches for “should I buy Bitcoin now?” increased by over 250% in the United States, while searches for “can I buy Bitcoin on Fidelity?” surged by more than 3,100% in the past week.
What was the price increase of Bitcoin in the past two weeks?
According to TradingView, Bitcoin has gained over 27% in value in the past two weeks.
The United Kingdom has witnessed an astonishing 826% increase in Google searches for “buy Bitcoin” in the span of one week. This surge aligns with a global trend, indicating a growing interest in cryptocurrencies. The rise in interest appears to be influenced by the recent surge in the price of Bitcoin and the potential approval of a Bitcoin ETF. The United States also experienced an increase in related search queries such as “should I buy Bitcoin now?” and “can I buy Bitcoin on Fidelity?” Bitcoin’s price has increased by over 27% in the past two weeks.