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Search activity on Google related to "bitcoin" and its value

August 28, 2012 20:45 / Leave a Comment / Robert-Reinder Nederhoed

This evening I compared two graphs. Search activity on the term “bitcoin” (Google Trends) and MtGox closing value (Bitcoin Charts) over the years 2011 and 2012.

Google Trends (source)

bitcoin 2011

MtGox closing value (source)

mtgox trading value

Perhaps not surprisingly, these two correlate nicely.

Google Trends offers some context in the form of articles. The spike in june 2011, was a pure hype. In januari of 2012, bitcoin was central in an episode of The good wife. And finally the rising trend in August 2012 seems due to BitInstant’s debit card. They got featured on CNN Money.

Posted in: Uncategorized / Tagged: bitcoin, exchange, google, trends, value

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