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Blackrocks Influence Fuels Soaring Bitcoin Interest Google Trends Data Shows

Blackrock's Influence Fuels Soaring Bitcoin Interest, Google Trends Data Shows

Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced a notable uptick this past month. In particular, topics such as Blackrock’s exchange-traded fund (ETF) have contributed to the heightened interest in the subject matter.

Blackrock Sparks Bitcoin Interest Boom, According to Google Trends

Over the course of the past month, bitcoin (BTC) has witnessed a notable 9% increase in its price, captivating the attention of many. This surge in interest is depicted through Google Trends statistics, revealing a significant upswing in searches for the term “bitcoin.”

As of June 28, 2023, the data from Google Trends clearly demonstrates a significant rise in search activity since May 28, 2023. On that day, the search term bitcoin achieved a score of 61 out of 100. However, its popularity began to soar during the initial week of June, reaching an impressive score of 81.

By June 21, the search term bitcoin achieved a perfect score, just a few days after Blackrock filed its spot bitcoin ETF. The most recent date recorded in the data from Google Trends for the preceding 30 days was June 24, reflecting a score of 82.

Regarding regional interest, it is noteworthy that El Salvador displays the highest level of interest in searching for the term bitcoin. Following El Salvador, the countries that exhibit notable interest in bitcoin are Nigeria, Brazil, the Netherlands, and Slovenia, respectively.

The top five associated topics linked to web searches for bitcoin encompass “Blackrock,” “Blackrock Investment Management Company,” “SEC,” “U.S. Securities and Exchange Commission,” and “exchange-traded fund.” According to Google Trends metrics, the most prevalent query is “Blackrock Bitcoin ETF.”

Alongside the surge in basic web searches for the term bitcoin, there has also been a significant increase in interest regarding bitcoin-related news. On June 21, 2023, searches for news related to bitcoin reached a flawless score of 100.

The top five associated topics linked to both bitcoin and news encompass an “exchange-traded fund,” “Blackrock Investment Management Company,” “Blackrock,” “Bitcoin Mining,” and the “U.S. dollar.” According to data from Google Trends, the regions displaying the highest level of interest in bitcoin news worldwide over the last 30 days are Greenland, Western Sahara, Iceland, Mauritania, and Guinea.

What are your thoughts on Bitcoin’s surging popularity and its connection to the Blackrock spot bitcoin ETF? Share your thoughts and opinions about this subject in the comments section below.



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