As cryptocurrencies surge, Google searches for “buy bitcoin” have surged around the world, with searches in the UK increasing by more than 800% in the last week.
According to research by Cryptogambling.tv, searches for the term “buy Bitcoin” in the UK surged 826% in seven days.
A spokesperson for Cryptogambling.tv said: “The significant increase in ‘buy Bitcoin’ searches in the UK, coupled with the resurgence of cryptocurrencies, highlights the growing interest and potential impact of traditional financial institutions participating in the digital asset space.”
While UK users are leading the way, there has also been a significant increase in searches related to buying Bitcoin from global web users.
According to data from Google Trends, U.S. user searches for “Should I buy Bitcoin now?” increased by more than 250%, while more niche searches including “Can I buy Bitcoin on Fidelity?” rose by more than 3,100% last week. .
Narrowing it down even further, the search term “Is now a good time to buy Bitcoin?” saw global gains of 110% last week. In contrast, the BlackRock Bitcoin ETF grew by 250%, demonstrating broader enthusiasm for information related to BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is currently awaiting approval.
Bitcoin prices have surged over the past two weeks, with Bitcoin prices briefly exceeding $35,000 on October 24 for the first time since May 2022.
related: Peter Brandt says Bitcoin has hit bottom, but be prepared for a ‘plunge’
This excitement appears to be closely tied to the approval of a spot Bitcoin ETF, which many experts believe will trigger a new wave of institutional buying.
Senior ETF analysts Eric Balchunas and James Seyffart put the chance of approval on January 10 next year at 90%.
I get a lot of questions about my current thoughts on Spot #bitcoin ETFs over the past few weeks.This is the first part of the note I posted yesterday @ericbalciunas.
TLDR: Our views haven’t changed much pic.twitter.com/Htsi3n2XxV
— James Seyff (@JSeyff) October 13, 2023
At press time, Bitcoin prices are up more than 27% in the past two weeks data From transaction view.
Bitcoin has gained 27.9% over the past two weeks. Source: TradingView
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