Economist Finds Correlation Between Bitcoin Price and Google Searches

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A Dutch economist and policy advisor to the Dutch National Bank believes that he’s found an exact correlation to Bitcoin price fluctuation and Google Bitcoin searches.

The period before the flagship digital currency’s price crash at the beginning of 2018 demonstrates his theory, states economist Joost van de Burgt. He surmised that regardless of the positivity or negativity of the news, the more the number of Bitcoin searches increased, the more the currency gained.

“If the buzz is everywhere, it doesn’t matter exactly what the news is about… nobody wants to miss out and everybody’s trying to get a piece of it,” said van der Burgt.

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