The Bitcoin (BTC) price crash is stirring skepticism and speculation about the death of the biggest cryptocurrency in the market.
Google searches for “Bitcoin dead” have risen over the past week and are about to hit an all-time high. According to Google’s keyword search ranking from 0 to 100, interest in Bitcoin has crossed 100. This is a 35% spike compared to 74 recorded in June 2021. Moreover, searches for Bitcoin are often proportional to the volatility of the market. This number shows how turbulent the market is currently.
Most Bitcoin holders are extremely worried because the market is suffering too many sell-offs and a series of crashes are wiping up holders’ assets. From the first domino, LUNA-UST created a wave of pressure on the whole market, coming to the Federal Reserve’s policy, causing big players such as Celsius and Three Arrows Capital to be facing insolvency and on the brink of bankruptcy.
The mainstream media has written thousands of “obituaries” to kill off Bitcoin over the years. Many experts have repeatedly said that Bitcoin has returned to the stone age and gloated with what the crypto market suffering. Bitcoin is said to have “died” 45 times in 2021 alone, a year in which the digital asset hit multiple record highs.
The price line is still plunging, but also thanks to FUD – a specialty of the downtrend season, the interest in “Bitcoin” on Google Search has peaked in the past 12 months.
Among the searches, El Salvador is the country with the most interest in Bitcoin. Netherlands is in the second spot, followed by Nigeria, the third spot placing Switzerland, Turkey and Austria.
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