According to CNBC, Google searches for bitcoin are down roughly 75% since the start of the year.

On first glance that may sound like bad news.

I mean google searches seem to go hand in hand with increasing prices last year, which would mean that lower search numbers could indicate a lack of interest and lower prices to come.

(Source: https://cointelegraph.com/news/cnbc-google-searches-for-bitcoin-down-75-since-early-2018)

However, I think there are 2 issues with that.

Number 1: I think google searches are more of a lagging indicator.

As prices go up, more and more people get excited about it and want to learn how to get involved.

Also more and more people tend to check prices when they are going up, no reason to check bitcoin prices when the coin moves up or down 5% on a monthly by month basis.

Number 2: Maybe people heard about bitcoin for the first time in 2017, and then they googled it.

Once they googled it one time, learned about what it was, there was no longer the need to google it, right?

For those two reasons I think google searches are likely a poor indicator of future bitcoin prices.

They are likely much more of a lagging indicator, at best.

At worst they are meaningless and just a fun talking point for journalists that have nothing else to talk about. :smiley: