Google search queries for “buy Bitcoin” have experienced a remarkable surge globally, with a particularly notable increase in the United Kingdom, where searches grew by an impressive 826% over the course of a week. This surge in interest aligns with the ongoing cryptocurrency rally and the resurgent price of Bitcoin.
Cryptogambling.tv’s research highlighted the significant uptick in “buy Bitcoin” searches in the UK, underscoring the growing interest and potential influence of traditional financial institutions in the world of digital assets. While the UK saw the most substantial increase, global users also exhibited a notable surge in searches related to Bitcoin purchases.
In the United States, searches for “Should I buy Bitcoin now?” increased by more than 250%, reflecting the heightened interest in Bitcoin’s current market conditions. Moreover, more specialized queries, such as “Can I buy Bitcoin on Fidelity?” witnessed a surge of over 3,100% in the past week. This demonstrates an expanding curiosity among users for information about cryptocurrency options available through traditional financial institutions.
Taking a broader perspective, global searches for “Is it a good time to buy Bitcoin?” saw a 110% increase in the last week. Additionally, the search term “BlackRock Bitcoin ETF” jumped by 250%, indicating a heightened enthusiasm for information related to BlackRock’s proposed spot Bitcoin exchange-traded fund (ETF), which is currently awaiting regulatory approval.
The surge in interest coincides with a significant uptick in Bitcoin’s price over the past two weeks, with the cryptocurrency briefly surpassing the $35,000 mark on October 24, a level not seen since May 2022. The growing anticipation is closely tied to the potential approval of a spot Bitcoin ETF, which many experts believe will trigger a fresh wave of institutional investment.
Prominent ETF analysts, Eric Balchunas and James Seyffart, have estimated the likelihood of approval at 90% by January 10, 2024. As of the time of this report, Bitcoin has gained more than 27% in value over the past two weeks.
The heightened interest in “buy Bitcoin” searches suggests a growing appetite for cryptocurrency investments and a strong belief in the future of digital assets.