To guess the bitcoin value is not too difficult. According to Co-Founder DataTrek Research, Nick Colas, the value of digital currency that can be seen from the search results in Google Search.
"By knowing the number of people searching for the word 'bitcoin' on Google, which has 60 percent search market share globally, so we can see the trend," he said, quoted by CNBC on Tuesday (30/1/2018).
Colas said, the search data on Google was directly proportional to the bitcoin value. For example, he says, the search for bitcoin that is currently lethargic is actually impacted with its value.
"The current bitcoin search is really decreasing, so it's the same as the current bitcoin value," he said. Furthermore, he said, another supporting evidence was a bitcoin search in November last year.
At that time, the search trend of bitcoin increased during Thanksgiving 2017 in the United States. Increase in a few weeks. The condition is also in line with the number of bitcoin wallets that are formed.
"However, days later, bitcoin prices fell, and so did the search," he said. However, he did not feel bitcoin not too worried, because with technology, this investment is still safe for the long term.
Huh, interesting. And also when Bitcoin was at its peak, searches were at the peak too. Like the article! Definitely upvoting and following.
@shredz7
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