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Google and bitcoin wealthBitcoin Search Trends on Google and Investopedia
Given all the talk about Bitcoin, you'd think it would be everywhere. Is that really true? How much is Bitcoin worth? Perhaps more importantly, how much of the world's money is in bitcoins?
With the price of bitcoin at 8, We will calculate the total value of Bitcoin first because that is the easy part. To get a sense of how much of the world's money is in bitcoins, we must determine the total amount of money.
As it turns out, this is not the easiest question to answer. Such a calculation might take into account dozens of categories of wealth, including bank notes, precious metals, money market accounts, and debt.
As of March , this number is surely outdated. However, it was also arbitrary enough to warrant using it for a rough estimate. That leaves Bitcoin at about 0. The Money Project's estimate gives a good general idea of the size of the money supply relative to Bitcoin. However, it is much less accurate than the other estimates used in this article. How does Bitcoin compare to gold?
After all, some people still consider gold to be the real money. It is certainly the gold standard to which other currencies must be compared.
We begin with the World Gold Council's figures. They estimated that about , tonnes of gold had been mined throughout history as of the end of There are 32, In total, the value of all bitcoin was about 1. Bitcoin is the largest and best-known cryptocurrency in the global economy. However, it is far from the only one. The Money Project. World Gold Council. London Bullion Market Association.
Company Profiles. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Why shouldn't you as well? Recent data by SEMrush — a leading competitive research service for online marketing — shows bitcoin, bitcoin price, bitcoin value, bitcoin to USD and bitcoin mining as the top five bitcoin-related keywords by search volume.
The rising price of bitcoin, and the sometimes stomach-churning corrections, has drawn increasing interest. A lot of people seem to be excited about Initial Coin Offerings ICOs , which have kept the world of cryptocurrencies in the news. The price trend has been guided by news from across regions and segments. While the regulatory shutdown in China was taken with a pinch of salt, Japan and the Philippines showed support for crypto by issuing licenses to bitcoin exchanges. The entry of bitcoin into financial product offerings and announcement by established institutions such as the CME Group lent it greater credibility.
During geo-political tension or financial upheaval, people have done online searches for for bitcoin as a safe haven, or at least an alternative to traditional currency. Such trends were evident at the time of the elections in the U. A value of is the peak popularity for the term. A value of 50 means that the term is half as popular.
It currently strikes a value of , which translates into an all-time high. During November last year, its value was deemed at 10, which shows how the interest over time has gone up. In some nations, Google searches for "Bitcoin" exceed searches for "Gold. Our readers have been increasingly engaging with bitcoin-related content; some of the favorite landing pages have been that of bitcoin, bitcoin stock symbol BTC , what is bitcoin, bitcoin mining, why is bitcoin volatile, and bitcoin cash.
Here are our most-trafficked Bitcoin articles:. The number of searches on Google and Investopedia are a reflection of the curiosity, interest and popularity growing around bitcoins. People across the globe are keen to learn about bitcoin, understand the process and perhaps gain from it. Although terms associated with the bitcoin ecosystem such as Ethereum, cryptocurrencies, blockchain and ICOs have seen a phenomenal rise over time, bitcoin continues to rule the game.