Post
Topic
Board Economics
Re: Google is ending its sweeping ban on cryptocurrency-related advertising.
by
ausbit
on 19/12/2018, 09:32:32 UTC
Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October.

https://www.cnbc.com/2018/09/25/google-reverses-ban-on-cryptocurrency-exchange-advertising-in-us-japan.html

I think that this is a preparation for the reversal of the bitcoin price.

What do you think about it? What are the consequences of these changes?

I really hope so that they will do it because I think Google did it only to bring the price of Bitcoin go down and they now tries to take it back to make the prices go up again.
Google trends basically decides on what the ban will be like. For example whenever the interest was super high they decided that they need to take a closer look at it because it was getting more popular and popular everyday so they needed to vet it more carefully. Now that the interest died down a lot in the past year they realized they do not need to care about it too much once again.

If the trends goes up and bitcoin and related stuff are searched insanely, they take a closer look at it and if the trends are going down and not searched for as much as it used to they just stop caring about it. I doubt that will change anytime soon, when millions of dollars are at stake they need to be careful about what they promote while if its couple hundred thousand dollars at most, who cares.