TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin surpasses stocks in Google searches

  • For the first time since October 2017, Bitcoin rises above stocks in Google searches.
  • The FCA will not regulate Bitcoin and other similar decentralized digital currencies.
Bitcoin surpasses stocks in Google searches
John IsigeJohn IsigeFXStreet

According to the latest Google search trends, Bitcoin has become the most searched asset class in comparison to stocks. In the finance category, Bitcoin settled at 24 out of 100 whereas stocks ranked in the 14th spot for the month of June.

This is the first time since October 2017 that Bitcoin has risen above stocks in terms of Google searches. This suggests that interest is building towards Bitcoin and other decentralized currencies.

As reported by FXStreet, Grayscale survey showed that more than half of United States investors would consider Bitcoin as an investment. Moreover, investors are beginning to use Bitcoin as a hedging asset especially during the trade war between China and the United States.

The financial watchdog in the United Kingdom yesterday released guidance and rules that try to help investors to understand the classification digital assets. FXStreet reported that the Financial Conduct Authority (FCA) will not regulate Bitcoin and other similar decentralized digital currencies. However, investors are still asked to be aware of the risks that come with cryptocurrencies.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Cardano Price Forecast: Approaches critical support as correction risks grow

Cardano Price Forecast: Approaches critical support as correction risks grow

Cardano (ADA) recovers slightly, trading at $0.206 at the time of writing on Friday, inches above the critical support zone after losing more than 6% so far this week. Weakening derivatives data and fading bullish momentum suggest a bearish near-term outlook, with a decisive close below the support zone potentially triggering a deeper correction for ADA.
Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Bitcoin price trades below $77,000 on Friday, extending its capitulation from the previous week’s high at $82,300. Broader market consensus points to a higher likelihood that the US Federal Reserve could raise interest rates at the September meeting, as inflation concerns rise amid the war with Iran.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week.
Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum (ETH) is down 0.7% on Thursday as the second-largest cryptocurrency looks to recover from earlier pressure following the release of stronger US inflation data. The Producer Price Index (PPI) for final demand rose 0.4% in August, matching market expectations after a revised 0.1% increase in July, according to the US Labor Department.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.