Due to the New Cryptocurrency Libra, Users Started to Search for the Word “Bitcoin” in Google Much More Often

Due to the New Cryptocurrency Libra, Users Started to Search for the Word “Bitcoin” in Google Much More Often

As it is known, just a week ago, namely on June 18, 2019, the “White Paper” of a new cryptocurrency from Facebook and another 26 other large companies were introduced. This coin caused a huge rush in the media space. According to data from Google Trends, this event caused hype not only around the Libra cryptocurrency itself but also significantly increased people’s interest in Bitcoin.

Source: Google Trends

As it can be seen from the chart, the users’ increased interest in the Libra coin almost immediately began to decline, while the number of requests related to the word “Bitcoin” continued its upward movement. Based on these, we can conclude that the presentation of the Facebook coin made many people think about such a phenomenon as cryptocurrency.

Of course, people’s interest in digital coins begins to grow, but, as can be seen in the following chart, this figure is still very far from the peak values ​​that were recorded at the end of 2017.

Source: Google Trends

We want to remind you:

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