Google Trends Sees ‘Bitcoin Iran’ Surge 4,500% on Safe Haven Narrative
William Suberg's original article for cointelegraph.com reduced by 70%
Bitcoin benefiting from the Iran crisis has captured the imagination of internet users worldwide, with its Google search popularity up almost 5,000%. According to data from Google Trends, the search term "Bitcoin Iran" surged 4,450% in the seven days to Jan. 8.Bitcoin search popularity follows price.
The figures come as Bitcoin continues to make significant price advances, with weekly gains currently topping 15%. Commentators immediately began attributing the performance to events in Iran, arguing geopolitical instability tends to produce price rises.
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