Google Trends Shows ‘How to Buy Crypto’ Searches Reach New All-Time High
Global searches for “How to buy crypto” on Google Trends have reached a new all-time high, with a significant spike observed in the week following President Donald Trump’s inauguration. The number of weekly searches has quadrupled, reaching the 100 mark on January 19.
Trump’s Presidential Term and the Crypto Market
President Trump’s administration is expected to be more crypto-friendly compared to the previous Biden administration, with many leaders of leading crypto firms expressing confidence in the new government. The projected regulations are anticipated to benefit the crypto market, sparking interest among potential investors.
Historical Data and Trends
This surge in searches surpasses the previous all-time high, which was recorded at 38 during the week of December 1-7, 2024. Notably, this was also the week when the price of Bitcoin reached the $100,000 threshold for the first time in history, marking a significant milestone for the crypto market.
Bitcoin Price and Market Trends
Coinciding with the surge in “How to buy crypto” searches, Bitcoin also reached a new all-time high on January 20, ahead of President Trump’s inauguration, hitting $109,114 before slowly declining. At the time of writing, Bitcoin is trading at $101,728.
What’s Driving the Interest in Crypto?
The increase in “How to buy crypto” searches globally may indicate a growing interest in the crypto market, particularly among first-time buyers. Recent events, such as Trump’s pro-crypto presidency and the price of Bitcoin spiking, have likely contributed to this surge. Countries like the United Arab Emirates, Singapore, Hong Kong, Thailand, and others are also showing interest in expanding their digital asset hubs to keep up with the rapid growth of the crypto industry worldwide.
Tips for New Crypto Investors
If you’re new to the crypto market, here are some key things to consider:
- Research and understand the different types of cryptocurrencies, such as Bitcoin and altcoins.
- Choose a reputable exchange and follow best practices for secure transactions.
- Stay informed about market trends and regulatory updates.
- Set clear investment goals and risk management strategies.
Stay up-to-date with the latest news and trends in the crypto market by following Global Crypto News.