Google Searches for ‘Bitcoin’ Down 75%

Comparing the price of bitcoin at the beginning of 2018 with early June, it’s easy to see that the digital currency has lost a good deal of its sparkle. In the first few days of the year, the price of BTC climbed above $17,000 briefly. As of this writing, it’s hovering above $7,000, with some investors expecting the value to continue to fall going forward. Although bitcoin remains the largest digital currency in the world by market cap, it has spent the better part of 2018 struggling to maintain the incredible momentum it built up late last year. Coinciding with the decline in bitcoin’s value, CNBC reports that Google searches for the term “bitcoin” have plummeted by 75% since January. In the past three months, the number of searches for the popular cryptocurrency has roughly halved.

Link to Buyer Interest?

While there’s not necessarily a direct correlation between Google searches for “bitcoin” and the price of the digital currency itself, there is reason to believe that a…