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Global interest in Bitcoin is rising again. Currently its only over 54% yet BTCs price is just $13k from it's ATH.

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by COINS NEWS 40 Views

Going by Google trends, interest in Bitcoin has been growing again from Jan 2023 (when it was around $23k) from 41% interest to currently just 54% (when it's around $51k).

That's 13% additional interest yet the price has more than doubled and is sitting just $13k from it's ATH.

From 1st Jan 2016, interest in Bitcoin started rising and a new all time interest high in Jan 2017. It's price went from $450 in Jan 2016 to a new BTC ATH of almost $20k in Dec 2017 (11mths after interest had peaked).

On the 1st Jan 2019, interest in Bitcoin again started to rise to an ATH in Jan 2021. It's price went from $3.5k in Jan 2019 to a new ATH of almost $65k in Nov 2021 (10mths after interest had peaked).

TL;DR

Theoretically if this cycle proves to be in anyway correlated, Bitcoin is still at the foot of a potentially momentous run of interest and price appreciation.

Source

submitted by /u/jam-hay
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