Google searches for Bitcoin dead rose in the past week, and likely reached the highest level on record.
Google Trends tracks interest in search terms over time, assigning scores of 1 to 100 based on the total number of user queries. The data is confidential and categorized by topic and accumulated based on
The Google search results reflect the peak anxiety for the cryptocurrency markets following weeks of relentless selloffs in asset prices. Bitcoin’s downward spiral, now in its seventh month, may have been triggered by the Federal Reserve’s massive shift in policy, which has placed downward pressure on risk assets. The fall of the Terra ecosystem and its related contagion effects has also been a contributing factor.
Adverse market conditions have also led to credible speculation that major industry players, such as Celsius and Three Arrows Capital, are facing collapse. Mainstream media outlets have written hundreds of Bitcoin obituaries over the years; their experts have been cheering the latest market collapse as evidence that BTC is not a viable asset. Bitcoin supposedly died 45 times in 2021 alone a year in which the digital asset reached multiple record highs.
