Quote from: kreed.wenti on January 30, 2018, 10:25:07 AM

Inquiries at Google and the rise in Bitcoin prices are related

If you want to know the price of Bitcoin, just ask Google. Nick Colas of Datatrek Research, a former analyst for monitoring Bitcoin, in an interview with CNBC suggested that the key to unraveling the next volatility is to observe Google's search service, as well as the creation of new wallets.

Kolas is not the first analyst who has grasped the connection with inquiries, the creation of a purse and the volatility of the price. Previously, Chris Berniske stated that the rate of BTC / USD clearly reflected the trend of Google search. Berniske called him "The virtuous cycle of Satoshi"

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I think its pretty obvious that in the last 6 months, Google search about bitcoin is expanding, which means that a lot is looking about bitcoin and how to make money out of it (creating new wallets). But I'm not sure what's the connection about the price though, more searches = price going up? This is a new theory for me.

Maybe people do search for bitcoin because they are curious about it. Social media has already created a lot of hype on it. And people want to learn more how to invest and create more money for them.