Bitcoin Searches Rocket to 13-Month High Amid ’60 Minutes’ Hype

Bitcoin, bitcoin searches, Google
Bitcoin is back among Google's most-popular keywords for the first time in over twelve months. | Source: Shutterstock

By CCN.com: 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:

  1. South Africa.
  2. Netherlands.
  3. Slovenia.
  4. Austria.
  5. Nigeria.

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.

Bitcoin Google Searches
Google searches for bitcoin soared to a 13-month high amid its escalating price. | Source: Google Trends

Bitcoin price spiked in lead-up to crypto conferences

As CCN.com 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.

CBS’ ’60 Minutes’ shines spotlight on bitcoin

If bitcoin searches are climbing this weekend, it’s probably because of hype surrounding the May 19 episode of “60 Minutes.”

As CCN.com 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.

Charlie Shrem was one of bitcoin’s first millionaires, starting a business called “BitInstant” that helped people obtain bitcoins. But poor management and bitcoin’s volatile landscape put BitInstant out of business and made Charlie a felon

Charlie Shrem was one of bitcoin’s first millionaires, starting a business called “BitInstant” that helped people obtain bitcoins. But poor management and bitcoin’s volatile landscape put BitInstant out of business and made Charlie a felon https://cbsn.ws/2JwI0MW

Posted by 60 Minutes on Sunday, May 19, 2019

Anderson Cooper: ‘So there’s no actual coin?’

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.

  • Anderson Cooper: “What is a cryptocurrency?”
  • Neha Narula: “A cryptocurrency is a — let’s see. How do I– how do I do this?”
  • Anderson: “Because if you can’t describe it (laughs).”
  • Narula: “I know, I’m trying.”
  • Anderson: “There’s no actual coin?”

‘Who is Satoshi Nakamoto?’

Then, there’s this hilarious exchange between 60 Minutes reporter Ann Silvio and 60 Minutes producer Andy Court:

  • Andy Court: “Who created this? Who invented this? They must be a real genius. Everyone’s like, ‘We have no idea.'”
  • Ann Silvio: “Satoshi Nakamoto. Satoshi Nakamoto is a fake name for somebody.”
  • Court: “It’s the name that appears on the paper.”
  • Silvio: “Were you able to learn anything more about who Satoshi Nakamoto is?”
  • Court: (Laughing) “No.”
  • Silvio: “Did you try?”
  • Court: “A little. But really, I mean, it’s…it’s just Mission Impossible.”

https://www.youtube.com/watch?v=wQd1CpNzDx4

Then, there’s “Bitcoin Pizza Guy.”

Bitcoin was worth less than a penny when Laszlo Hanyecz was trading it for pizza. If he’d held onto all his bitcoin instead, he’d now have hundreds of millions of dollars. He tries not to think about that

Bitcoin was worth less than a penny when Laszlo Hanyecz was trading it for pizza. If he’d held onto all his bitcoin instead, he’d now have hundreds of millions of dollars. He tries not to think about that https://cbsn.ws/2JN419H

Posted by 60 Minutes on Sunday, May 19, 2019

Samburaj Das edited this article for CCN.com. If you see a breach of our Code of Ethics or find a factual, spelling, or grammar error, please contact us.

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Samantha Chang

Samantha Chang

Samantha Chang is a New York City-based financial editor who writes about crypto and business at CCN. She is a law school grad and an alum of the University of Pennsylvania. You can reach her on Twitter at Samantha Chang or email her at schang121@juno.com.

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