Economist and trader Tour Demeester (Tuur Demeester) drew attention to the fact that, according to Google Trends, the number of search queries with the word [bitcoin] fell by 93% in comparison with the situation in December 2017. This is the lowest rate since may of the same year. However, the number of queries with the words [buy bitcoin] has fallen to the level of April 2017.
Google searches for “Bitcoin” lowest since May 2017 – down 93% since Dec ATH. pic.twitter.com/6wUqp2VHrm
— Tuur Demeester (@TuurDemeester) October 25, 2018
Recall that for the first half of 2018, the number of search queries about bitcoin is down 75%. A Tour of Demeester in August, wrote in his blog that the cryptocurrency market needs more time to absorb the rally, during which the rate of bitcoin rose to a peak in December 2017. On expressed the opinion in 2018 will be remembered as a period characterized by challenges of growth – when uncertain, investors got rid of their savings, regulators have struggled to keep up with the beginning of last year rise, and the infrastructure continued to develop.