2018-6-13 20:08 |
Google searches for Bitcoin have reportedly declined 75 percent through 2018, yet the leading cryptocurrency is still outstripping the famous pop-star Beyonce on Google Trends, CNBC reported Tuesday, June 12th.
Bitcoin analyst Brian Kelly told CNBC’s ‘Futures Now’ that only during her Coachella music festival performance this April did the megastar briefly eclipse Bitcoin (BTC) in terms of internet search popularity this year.
This assumes that Bitcoin miners need to update their hardware almost every 18 months, bringing the costs of mining to roughly between $5,900 and $6,000.
He pointed to weak public interest indicators, including fewer Bitcoin Google searches and low crypto wallet growth.
As of press time, Bitcoin is trading around $6,557, bringing its monthly losses to just shy of 25 percent.
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