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Monthly Global Volume For Bitcoin Searches Are Up 350% From Late 2017

  • According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches are up 350% from late December 2017, when it surged to all-time highs.
  • Michelson specifically noted that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. By comparison, BTC search volumes recorded back in December 2017 amounted to 2.5 million.
  • Michelson also pointed out a huge discrepancy between SEMrush’s data and Google Trends. According to the latter, Bitcoin’s to-date search volumes are far below the all-time highs recorded in December 2017.
  • Google Trends claims the Bitcoin search index accounts for just 20 points in November 2020, standing against 100 points in December 2017.
  • However, SEMrush’s data shows that the number of BTC addresses registered per hour hit nearly 25,000 addresses for the first time since January 2018.
  • Read the full story here.

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