UK Searches for 'Buy Bitcoin' Skyrocket
Google searches for "buy Bitcoin" have experienced a massive surge worldwide, with the United Kingdom seeing an astounding 826% increase in search queries over the past week, according to research from Cryptogambling.tv.
Global Interest in Bitcoin Purchases on the Rise
Not only did UK users lead the surge in searches for purchasing Bitcoin, but there was also a noticeable increase in search queries from web users across the globe.
Interest in Bitcoin ETF Approval Grows
The spike in searches coincides with a significant increase in the price of Bitcoin in recent weeks, with the cryptocurrency briefly surpassing $35,000 for the first time since May 2022. Additionally, the pending approval of BlackRock's Bitcoin exchange-traded fund (ETF) has generated broader enthusiasm, as evidenced by a 250% jump in searches for "BlackRock Bitcoin ETF."
Spot Bitcoin ETF Approval Predicted
Senior ETF analysts Eric Balchunas and James Seyffart have estimated a 90% probability of the spot Bitcoin ETF approval by January 10, 2024, which has further fueled the excitement and interest in Bitcoin purchases.
Bitcoin's Price Surge
Bitcoin has seen a strong 27.9% gain in the past two weeks, highlighting the increasing demand and potential impact of traditional financial institutions' involvement in the world of digital assets.
