Google trend shows that the search volume of the word "buy cryptocurrency" has reached a record high

The Tie, a cryptocurrency analysis company, said that in January this year, the search volume of the word "buy cryptocurrency" on Google soared to a record high, far exceeding the previous peak in early 2018.

In Google's trend, the relative search interest in the word "buy cryptocurrency" is at the highest level in history. -the tie (@ the tieio) February 1, 2021

The Google trend index of the keyword "buy cryptocurrency" has reached a perfect score of 100, which indicates that its relative interest has reached the maximum.

A similar peak appeared in ETH Square. Before it fell back to the still strong 65 points, it got a perfect score of 100 points.
The search volume of BTC currency (BTC) has also soared, but it is still far below the bull market peak in 2017.

The Tie also shared the following chart, which shows that the search volume of "best cryptocurrency application" and "best cryptocurrency exchange" has risen sharply.

Treyce Dahlem, a research analyst at The Tie, said: "In the Google trend, the relative search interest in popular encryption terms is at the highest level in history."

He went on to tell:
"Whether this is due to the recent price increase, we see that speculative traders from Reddit are looking forward to contacting more assets, and even hope that the way investors seek to hedge inflation will undergo a macro change. One thing is clear: people's interest in cryptocurrency is growing rapidly, and new investors are looking for the best way to enter the cryptoecology."

This explosive search trend seems to coincide with the growing retail interest of ETH Square and altcoin. Since the beginning of this year, the price of ETH has doubled, just reaching a record high of over $1,500.

At the same time, the whole cryptocurrency market reached the market value of $1 trillion for the first time in January. Although the initial surge was mainly due to BTC currency, in the past month, the counterfeit currency supported the market value of 1 trillion US dollars with greater strength. In this process, the dominant position of BTC currency has dropped from the high point of 72% in early January to 62%.

Google search trends are sometimes related to the trend of the whole cryptocurrency market. The increase of relative search volume indicates that retail investors are increasingly aware of digital assets, which often indicates a wider speculative adoption.

According to The Tie, social media participation around cryptocurrency is also soaring. On Twitter, the total number of tweets about cryptocurrency reached 3.3 million in January, up from 1.3 million in September 2020. The total amount of cryptocurrency tweets in January was 181% higher than that in the same period last year.

According to a new industry research, if this Google search trend continues, the search interest value of cryptocurrency seems to rise again.