RATE Group | Google Trends Sees ‘Bitcoin Iran’ Surge 4,500% on Safe Haven Narrative
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Google Trends Sees ‘Bitcoin Iran’ Surge 4,500% on Safe Haven Narrative

08 Jan Google Trends Sees ‘Bitcoin Iran’ Surge 4,500% on Safe Haven Narrative

Posted at 13:57h in Bitcoin News by

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Bitcoin (BTC) benefiting from the Iran crisis has captured the imagination of internet users worldwide, with its Google search popularity up almost 5,000%.

According to data from Google Trends, the search term “Bitcoin Iran” surged 4,450% in the seven days to Jan. 8. 

Bitcoin search popularity follows price

The term “Bitcoin” itself also saw a significant uptick around the globe, reaching a normalized score of 100 on Wednesday versus 40 a week ago.

Nigeria topped the list for both terms’ most frequent country of origin. Canada, Singapore and the United States also generated significant interest for “Bitcoin Iran.”

7-day search data for “Bitcoin Iran.”

7-day search data for “Bitcoin Iran.” Source: Google Trends

The figures come as Bitcoin continues to make significant price advances, with weekly gains currently topping 15%. Commentators immediately began attributing the performance to events in Iran, arguing geopolitical instability tends to produce price rises.

“Selling the narrative”

Others were less…

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