Is Google Influencing The Price Of Bitcoin?


Could it be possible that a rise in the trend of Bitcoin related search terms, could be helping change the price of Bitcoin? Bear with me because this isn’t suggesting Google searches have a direct manipulative impact on the value of the markets, but new research does show that Google Search trends could be used to help investors predict what might happen next.

A study called ‘Risks and Returns of Cryptocurrency’ by Yale University Economists Yukun Lin and Aleh Tsyvinski has found a correlation between Google trends and the value of various cryptocurrencies. They believe that the findings indicate market changes within the markets could be down to increased or decreased attention through investors online. In essence, the more people that search for Bitcoin, the higher the price goes and vice versa.

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