Post
Topic
Board Bitcoin Discussion
Re: Google Trends went crazy for the Btc search
by
kryptqnick
on 06/09/2019, 21:27:12 UTC
I guess that this has something to do with Bakkt warehouse accepting Bitcoin deposits starting today! Whales are on parade!

Reference: https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week
I don't know about that. There was this high initial hype around Bakkt, but it was when people were hoping that it could drag Bitcoin out of the bearish market. Moreover, the initial failure of the project probably disappointed a lot of people.
The points about the Google trends algorithms having certain weaknesses that are now exploited seem to make more sense to me.
Oh, and as for that big transaction, it might also be totally unrelated to search results, and the former can be a technical operation by an exchange as people in another discussion thread suggested.