‘Bitcoin dead’ Google searches hit highest level in 2022

December 2017 saw the highest-ever level of Google searches for “Bitcoin dead” globally

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Google search data can help paint a picture of the markets’ current mood – Photo: Getty Images
                                

Due to the collapse in the price of Bitcoin (BTC), which fell below the $20,000 mark to $17,721 on 18 June, Google searches for the phrase “Bitcoin dead” reached their peak for 2022 so far.   

According to Google Trends, Google searches for the phrase “Bitcoin dead” hit their 2022 peak during the week of 12-18 June. Worldwide, the nations leading the “Bitcoin dead” searches were Canada, Nigeria, Australia, Singapore and the UK. The US came in sixth.

The week of 12-18 June saw BTC in a free-fall from $28,497 to $17,721. Google Trends data for the US, UK and worldwide show that “Bitcoin dead” searches spiked over the course of the week.

Higher levels have been reached previously    

Google Trends data for the UK and worldwide show that the highest search level “Bitcoin dead” has ever reached was in December 2017. Google Trends data for the US state that the highest level for “Bitcoin dead” in the US was in March 2014.

However, December 2017 was the second highest search level for “Bitcoin dead” in the US, per Google Trends.

‘Crypto is dead’

In the UK, searches for “crypto is dead” outstripped those for “Bitcoin dead” during the week of 12-18 June. The US and other countries worldwide showed different results, with “Bitcoin dead” reaching higher than “crypto is dead”.

The countries that were ranked highest for “crypto is dead” Google searches were Australia, Singapore, UK, Canada and Ireland.

The week of 12-18 June showed the all-time highest results for “crypto is dead” in the UK, US and worldwide.

Out of the US states, Utah, Oregon and Colorado came top for “crypto is dead” searches, while internet users in Utah, New Jersey and Colorado carried out the most “Bitcoin dead” searches.

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