Bitcoin Is The Hottest Trend on China’s Baidu, Can This Affect BTC or Crypto Market Prices?

    This is a great time to invest in Bitcoin. Prices have suddenly surged $1,000 USD recently and this made the token popular again. However, Bitcoin’s popularity is not only limited to the places in which you can legally trade Bitcoin. It looks like the token has been making the headlines in China, too, where Bitcoin trading is banned by law.

    Baidu, which is basically the Chinese Google, saw Bitcoin become the hottest trend of the day in its new keyword list. Bitcoin received 9715 points on the platform. The second term in the search engine was with 2236 points, only a fourth of BTC’s popularity in the country.

    Despite the country’s harsh stance on the asset, it looks like the Chinese are simply not ready to forget Bitcoin just yet. The government has backed the People’s Bank of China in banning the asset back in 2017, but not even the Great Firewall of China (the government’s control over the internet) was able to deter people from getting interested in BTC.

    Trend Is Similar on Google

    The rest of the world is obviously also very interested in Bitcoin right now. Bitcoin has reached a lot of weekly interest right now and one of the most popular April Fool’s rumors was that the U. S. Securities and Exchange Commission (SEC) had approved the so awaited Bitcoin exchange-traded fund (ETF).

    There is a certain belief that Bitcoin does well when people are looking for it on Google. The idea is based on the fact that stocks generally go up when people search for them a lot.

    People are largely very curious about this latest Bitcoin price rally, so they are trying to learn the whys and the hows that move this technology. This has caused all the search engines to put it on the spotlight again after a year in which the interest for Bitcoin and crypto assets was vastly diminished during the bear market.

    At the moment, the most popular search in both Google and Baidu is “Bitcoin price”. After that, “bitcoin news”, “bitcoin stock” and “BTC USD” are the most popular. Curiously, no one seems to be looking for “how to buy Bitcoin”, which was very popular in 2017.

    It looks like the BTC boom is not exactly making people buy BTC, which is normal, since the asset just lost most of its value, but people are starting to get interested in it again and this always leads everybody to end up buying a piece of Bitcoin eventually.

    At the moment, some of the countries who are most interested in BTC are Nigeria, the Netherlands, Austria, South Africa and Switzerland. The United States and India, two countries with large populations, are curiously not in the Top 10. In India’s case, this may have something to do with the national crypto ban.

    BTC, BCH, ETH and XRP Forecast Analysis: Today's Top Crypto Price Predictions

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.