Bitcoin's sharp increase in price in recent weeks has caused searches for this digital currency on Google to spike.
According to data from Google, the number of searches related to the keyword "Bitcoin" is 10 times more than those related to the keyword "US Dollar". Searches increased sharply after November 5, when the US presidential election took place. This cryptocurrency is currently at a record level of 93,000 USD per coin.
Specifically, the number of searches for the keyword "Bitcoin" on Google and other popular search engines ranged from one million to 10 million in the past 30 days, while "US Dollar" ranged from 100,000 to one million.
“Trump’s embrace of cryptocurrencies is attracting investors who expect the new administration to be more crypto-friendly,” Cryptotimes commented.
Having once considered cryptocurrencies a “scam,” Trump unexpectedly endorsed them during his campaign, declaring himself the “cryptocurrency president” and even wanting the remaining Bitcoins to be created in the U.S. Experts say the next four years could be “very favorable” for the cryptocurrency sector with Trump elected President, although there may still be legal hurdles.
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