Bitcoin Search Volume Remains Low, Indicating Limited Retail Investor Participation
CryptoNewsTerminal Staff06 Jun, 2024
Bitcoin Search Volume Remains Low, Indicating Limited Retail Investor Participation
Bitcoin Search Volume Low, Signaling Retail Investor Absence Google Trends data reveals that the search volume for "Bitcoin" in the United States remains significantly lower compared to the bull market of 2021. This suggests a lack of participation from retail investors. As of the 5th of the local time, the search index for "Bitcoin" and "Bitcoin ETF" on Google Trends stood at 31 points each. This is markedly lower compared to the 2021 bull market, which was primarily driven by retail investors. Despite record inflows into US BTC spot ETFs, the absence of retail investors in the current market is seen as a positive sign, indicating potential for further market growth as retail funds eventually enter.
