Correlation Between Bitcoin Price And Google Search

In 2017, Semrush, a search engine marketing agency, reported that bitcoin prices had a 91% correlation with the volume of bitcoin-related Google searches. This means that the bitcoin price has gone up and down along with the number of bitcoin-related searches.

Although the Semrush study showed that search volume increased as the price of bitcoin rose, it did not specify whether the searches predicted the exchange rate between bitcoin and the dollar. Bitcoin searches increased by 450% in the five months between April and September. The estimated volume of Bitcoin-related search keywords in one year totaled 51.4 million.

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