While users in the U.K. led the pack, there was also a noticeable rise in searches relating to buying Bitcoin from web users across the world
Google searches for “buy Bitcoin” have soared across the globe amid a big crypto rally, with searches in the UK increasing more than 800% in the past week.
According to research from Cryptogambling.tv, the search term “buy Bitcoin” jumped a massive 826% in the U.K. over the past seven days.
The remarkable jump in ‘buy Bitcoin’ searches in the UK, along with the crypto currency’s surge, underlines the rising interest and potential effect of traditional financial (TradFi) institutions’ involvement in the world of digital assets, said a spokesperson from Cryptogambling.tv.
While users in the U.K. led the pack, there was also a noticeable rise in searches relating to buying Bitcoin from web users across the world.
According to data from Google Trends, searches from users in the US for “should I buy Bitcoin now?” rose by over 250% while more niche searches including “can I buy Bitcoin on Fidelity?” rose by more than 3,100% during the past week.
Furthermore, the search term “Is it a good time to buy Bitcoin?” saw a 110% rise globally over the past week. In comparison “BlackRock Bitcoin ETF” increased 250%, showing wider enthusiasm for information relating to BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is presently pending approval.
The sudden rise in interest comes amid a drastic rise in the price of Bitcoin over the past two weeks, with Bitcoin briefly crossing a value of $35,000 on October 24, the first time since May last year.
The excitement seems closely linked to the approval of a spot Bitcoin exchange-traded fund, which many analysts believe will unleash a renewed wave of buying from institutions.