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I compared the Bitcoin price with its Google search volume

I compared the Bitcoin price with its Google search volume



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  1. **What can be seen:** is that the highs of each cycle (starting from the halvings, green lines) coincide in time from both the bitcoin price and the search volume thereafter.

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    While the price is now up +204% since its last peak, searches to Google for ‘bitcoin’ are still -54% below their value at the time.

    ​

    Assuming that search queries are largely from retail, **my conclusion is:**

    – That institutional investors have largely driven up the price so far

    – There is still a lot of price potential until the search queries have risen again by several (hundred) percent from the last peak.

    ​

    *I will now update this chart regularly on Twitter:* [*@ViewToxic*](https://twitter.com/ViewToxic)

    ​

    No financial advice 😉

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