By CCN: Google searches for bitcoin climbed to a 13-month high this week, in tandem with its price spikes following the brutal 2018 crypto bear market.
Google Trends tracks search interest for certain terms. Interestingly, the countries that are leading the Google searches are not cryptocurrency powerhouses:
Rising public curiosity over bitcoin isn’t surprising, given how volatile the market has been. An erratic market sparks intense controversy, with proponents and opponents rabidly debating whether the downturn is temporary or is definitive “proof” that bitcoin is a scam.
As CCN reported, the bitcoin price rocketed above $8,000 last week after it tanked to a recent low of $3,150 in December 2018. Since then, the original cryptocurrency has made an uneasy but steady recovery.
As of this writing, the bitcoin price is hovering at $7,900 after tumbling to $7,000 on May 17, right after New York Blockchain Week and the Consensus cryptocurrency conference concluded.
Observers point out that the price usually experiences a noticeable bump in the lead-up to — and during — the week-long crypto festivities and then plummets in the immediate aftermath. And that’s exactly what happened this time around.
If bitcoin searches are climbing this weekend, it’s probably because of hype surrounding the May 19 episode of “60 Minutes.”
As CCN reported, the cryptocurrency was spotlighted on “60 Minutes,” which airs on CBS. The crypto community has long wanted mainstream media exposure for the nascent market, and now it’s getting its chance.
Being featured on the popular news magazine show is a watershed moment for the budding ecosystem. For reference, viewership for “60 Minutes” topped 7.9 million last weekend.
Meanwhile, the May 19 bitcoin-focused “60 Minutes” episode scored 8.2 million total viewers.
One segment will discuss what crypto is, as highlighted in this comical exchange between “60 Minutes” correspondent Anderson Cooper and Neha Narula, director of the Digital Currency Initiative at the MIT Media Lab.
Then, there’s this hilarious exchange between 60 Minutes reporter Ann Silvio and 60 Minutes producer Andy Court:
Then, there’s “Bitcoin Pizza Guy.”
This article was edited by Samburaj Das.
Last modified: May 31, 2019 22:15 UTC