Hey people of steem,
How is everyone's day going?
First I want to take a wild guess that the market is going to start exploding these next couple weeks. This is not investment advice, at all, just saying it in case it happens so you can be like that @whatageek is so smart :p.
But this post about the Bitcoin Google stat. When bitcoin exploded everyone was googling the word bitcoin. I'm sure you remember the news and how there was a lot of coverage on crypto. Then the market started to drop and there was less hype around it. I think there will a lot more hype as dapps get released and we might get a run soon that will bring attention with it. But for now it is not as talked about.
One of the stats they use is the fact that people are googling the word bitcoin less. I am sure that is true but it is not something I would 100% base my interest on. Sure if you use Google news like I do then a decrease of bitcoin searches does mean less interest. But how many people just heard about crypto and bitcoin for the first time and wanted to check it out. And once it did why would they need to search something they already searched for. There are probably people who just go to coinmarketcap.com and check there.
You cannot use the google search as a metric as you cannot determine why people looked it up and are not including those who learned what they wanted to about it and would not keep searching it. It does offer some info but I don't think it is the whole picture.