Altcoin News: China Has Recorded a Record Number of Searches with the Word “Bitcoin”

April 8, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The number of search queries with the word “bitcoin” in China has increased significantly due to the recent jump in the price of the first cryptocurrency.

Search engine Baidu, the Chinese equivalent of Google, has registered a record number of requests with the word “bitcoin”. According to the overall assessment of the system, Bitcoin received 9,715 points. For comparison, in the second place is the request, which has only 2,236 points.

It seems that, despite the government’s tough position on cryptocurrency, the Chinese do not want to forget about Bitcoin. In 2017, the authorities supported the People’s Bank of China initiative to ban cryptocurrencies, but even the Golden Shield, through which the Chinese government controls the Internet, could not contain the interest of local people in cryptocurrencies.

At the moment, the most popular query in Google and Baidu is the “bitcoin price”. Then come the “bitcoin news”, “bitcoin shares” and “BTC USD”. At the same time, the “how to buy bitcoin” query has very low popularity. Obviously, people want to learn about the reasons for the recent rise in Bitcoin price but are not interested in buying this asset. Perhaps this is due to the long fall of the cryptocurrency market throughout the past year, because of which belief in the “new era” and “Bitcoin for $100,000” has lost its force.

Most residents of such countries as Nigeria, the Netherlands, Austria, South Africa, and Switzerland are most interested in Bitcoin. It is curious that the United States and India — the countries with the largest population — are not even in the top ten rankings. Although in the case of India, this may be due to the prohibition of the Central Bank of the country to conduct cryptocurrency transactions.

Note that, according to Google Trends, the number of search queries with the word “Bitcoin” increased three times after April 2 saw a sharp jump in the price of the first cryptocurrency.

Author: Marko Vidrih

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