The University of Kentucky researchers have published a paper examining the characteristics of US bitcoin users based on an analysis of Google trends.
Many people across the globe are surfing the internet to understand the implications of the Bitcoin spot ETF approval and how they can maximize the benefits.
The Google trends data also gave a deeper insight into the American states where curiosity about Bitcoin is highest.
More and more users turn to Google to find out what the Bitcoin halving event means. But will the halving really boost BTC price? Now it’s trading below $7,000.
As the third Bitcoin halving event approaches, interest among investors seems to dwindle as BTC followed the price action of the traditional markets failing to act as a haven asset.
While BTC is rather unstable today, according to Google Trends data, as well as to other factors, we can suggest that the Bitcoin halving in May will cause a spike in the BTC price.
According to Google Trends data, the interest in Bitcoin is growing while its price is still declining. People from developing countries are especially interested in crypto.
The data also show a consistent drop in the ‘HODL’ frequency, while on the other hand there a growing ‘REKT’ frequency.