RATE Group | Google Searches for the Word “Bitcoin” Have Dropped 75% Since January
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Google Searches for the Word “Bitcoin” Have Dropped 75% Since January

05 Jun Google Searches for the Word “Bitcoin” Have Dropped 75% Since January

Posted at 11:07h in Bitcoin News by

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No one’s googling Bitcoin anymore. Well, that’s not exactly true–but there has been a significant drop in the number of web searches for BTC. In fact, CNBC reported that Google searches for the word “Bitcoin” have dropped a whopping 75 percent since the beginning of 2018. But what does that mean?

It means that interest is waning–right along with Bitcoin’s valuation. BTC’s value has dropped roughly 50 percent since early January and isn’t showing much sign of recovery.

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If things don’t turn around soon for Bitcoin, the cryptocurrency could go the way of Los Del Rio or Soft Cell, a one-hit wonder whose impact changed the global scene forever, but ultimately wasn’t a part of the future of its industry.

In fact, the Bitcoin network has a lot of problems that experts argue are preventing it from becoming the global currency that so many hope it will be. Scalability on the Bitcoin network remains a nightmare; its anonymity has…

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