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The key to bitcoin's next breakout may lie in Google search in News
I continue to be amazed at marketing hype of bitcoins. Sure, I see how there is correlation of google searches and number of bitcoin wallets opened as article suggests. The more wallets get opened the higher the price of bitcoin, I buy that. But...How can this possibly be sustainable to have such a inflated price for the bitcoin currency based on marketing hype? Also, google search monitoring is useful for many trends, not just bitcoin..but I wouldn't base investment decisions on that, as it's too vague and subject to manipulation
Although cryptocurrencies are hot right now they're probably no more of a sound investment than collecting Beenie Babies. And at least Beenie Babies are sustainable. The energy consumed to maintain a currency system like Bitcoin pretty much makes it impossible for it to ever replace traditional currency transactions on a global scale.
Arguments
But...How can this possibly be sustainable to have such a inflated price for the bitcoin currency based on marketing hype? Also, google search monitoring is useful for many trends, not just bitcoin..but I wouldn't base investment decisions on that, as it's too vague and subject to manipulation
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