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Google Search for ‘Crypto’ Falls to Late 2020 Levels

According to a recent study of Crypto Google Search, Nigeria had the highest scores for most crypto-related searches, while South American countries had the lowest results.

It seems that people are not interested in reading about cryptocurrencies these days as online searches for “crypto” and other general cryptocurrency terms have dropped as recently as the end of 2020.

Also, there are searches on AI reached a new record high. Over the past few months, the term “AI” has seen a massive increase in Google searches and has been claimed as the latest tech craze after cryptocurrencies and the metaverse.

According to data from Google Trends, the word “crypto” currently has a score of 17, down from the reference point of 100 in May 2021. Bitcoin And Ethereum There has also been a huge decline. A decline in search interest for these terms has been observed since May 2022, a month after the collapse of the Terra Luna ecosystem. However, the unofficial shutdown of FTX in November last year increased public interest in crypto.

Another index called the Crypto Fear and Greed Index tells a similar story, with market sentiment close to its current score of 53 (which is neutral territory) for one month.

A few months ago, financial services company Brown Brothers Harriman (BBH) revealed its 2023 Global ETF Investor Survey, which gathered 325 institutional investors, financial advisors and fund managers from the United States, the United Kingdom, Europe and China. Voting was done. Figures. Research has shown that institutional interest in cryptocurrencies has not changed even with a market decline of 60% from its all-time high, as most asset managers are waiting for crypto-themed ETFs.

The research said that nearly seventy-five percent of institutional investors said they were very interested in crypto ETFs, but the implications of crypto winter had somehow dampened their spirits. Nearly twenty-five percent said they were expecting an increase in the number of crypto ETFs in circulation over the next 12 months.

According to a recent crypto Google search study, Nigeria had the highest scores for most crypto-related searches, while South American countries had the lowest scores.

However, the results were different in China, as Google has restricted access and cryptocurrencies are banned. The most widely used search engine in the nation is Baidu and Google searches are tilted more towards AI than bitcoin

While Artificial Intelligence and Bitcoin are two different technologies, both started off as misfits and have gone on to completely revolutionize the tech space. As the world is turning to the digital space, AI and crypto are developing into a whole phenomenon of their own.



Altcoin News, artificial intelligence, bitcoin news, cryptocurrency news, news

Sana Sharma

Sana is a chemistry major and a blockchain enthusiast. As a science student, his research skills enabled him to understand the intricacies of financial markets. He believes that blockchain technology has the potential to revolutionize every industry in the world.

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