“Is Bitcoin Dead” Search Entries Spike as Price Threatens to Slip below $4,000

Bitcoin (BTC) looks poised to drop down below $4,000, and doubts over its future are driving people to search engines with the question “Is Bitcoin Dead.” According to data from Google (NASDAQ:GOOGL) Trends, such queries are surging, especially from US-based users.

Searches for this phrase previously spiked in 2014, when Mt. Gox collapsed. The question is now starting to be asked more often as the 2018 bear market squashed price rallies across the board.

Starting in 2016, Bitcoin’s price began slowly gaining traction, taking altcoins along for the ride. But the high point of interest in Bitcoin was near or at peak prices. The buying, often fueled by credit, led to grave personal finance mistakes, and peak-time acquirers are now understandably having doubts about the future of the asset.

Additionally, BTC mining is showing worrisome signs, with farms taking older machines out…

This article appeared first on Cryptovest

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