Amidst the volatile crypto and Bitcoin market conditions, investor fear and anxiety are on the rise. Recently, Google Trends data showed an increase in keyword searches reflecting negative sentiment towards Bitcoin, such as “Bitcoin going to zero” and “Bitcoin is dead”.
In a post on X on February 25, investor NoName even pointed out that search volumes for these keywords were twice as high as during the previous bear market cycle. Search volumes were even higher than during the COVID-19 pandemic.
On the other hand, investor Robin Seyr proposes a unique strategy. He suggests buying Bitcoin every time the keyword “Bitcoin is dead” is trending. This is because investors can reap profits far beyond expectations.
Interestingly, the Bitcoin Death website records at least 467 instances where Bitcoin was declared “dead” by investors, analysts, and financial media. If someone invested $100 every time Bitcoin was declared “dead,” they would have made a profit of $71 million today.
The increase in searches about Bitcoin's “death” has also encouraged many newcomers to enter the crypto market. Google Trends data shows a much higher increase in searches for the keyword “what is Bitcoin” compared to searches for “Bitcoin is dead” and “Bitcoin to zero.”
These searches reveal two opposing sentiments in the current crypto market. On one hand, many experienced crypto investors are questioning Bitcoin's resilience. On the other hand, there are many newcomers who seek to understand Bitcoin's fundamentals.
This indicates that, despite Bitcoin's low price, this asset remains highly attractive. Bitcoin is also reaching new segments of society that were previously uninterested in digital finance.
However, searches for “what is Bitcoin” or “Bitcoin is dead” do not directly imply high inflows or outflows. A wise investor should conduct a thorough analysis before buying or selling their assets. Learn how to analyze crypto in the article Crypto Analysis for Beginners: Fundamental vs Technical.
