‘BTC’ on Google Trends is Probably Being Manipulated

Share Article

Amidst Bitcoin price rise, something strange is happening on Google Trends. The term ‘BTC’ has exploded recently and is currently at an all-time-high in searches seemingly out of nowhere.

Searches for ‘Bitcoin’ and ‘BTC’ on Google are likely being manipulated. The reasons are not exactly clear yet, though.

‘BTC’ Explodes in Interest on Google

According to Google Trends, the term ‘BTC’ had an unexpected (and completely unbelievable) rise in interest which appears as a straight line upwards on the 5-year chart.

BTC Google Trends

The spike occurred sometime on August 30th and has been steadily oscillating upward since. The search interest for ‘BTC’ has exceeded anything seen in the past five years. However, strangely enough, the term ‘Bitcoin’ has not seen an increase in searches at all.

Related: Looking to buy and sell Bitcoin? Check out our guide on the best cryptocurrency exchanges for trading Bitcoins.

Manipulation seems like the likely culprit. For one, the majority of the search interest for ‘BTC’ is coming from Romania. Moreover, the strange rise and falls over just 24H periods seems unnatural. However, since Google Trends is not a completely accurate metric of search volume, it shouldn’t be taken at face value. Still, it seems as though someone is playing with Google searches to inflate ‘BTC’ interest.

Below you can see the 24H fluctuations on a 7-day chart, as recorded by Google Trends.

BTC Google Trends

By all estimates, that’s pretty weird.

Why the Rise?

With Bitcoin dominance sitting at around 70% at the time of writing, a level not seen since March 2017, Google search interest should be trending higher. However, this explosive rise is completely unnatural and is undoubtedly just plain strange.

Perhaps real Bitcoin trading volume is a better indicator of interest in the leading cryptocurrency than just Google Trends. Search interest is usually a lagging indicator for market analysis, anyway.

Do you agree that Google Trends for Bitcoin is being manipulated? Let us know your thoughts below in the comments. 

Buy and trade cryptocurrencies with a 100x multiplier on our partner exchange, StormGain.

Images are courtesy of Shutterstock, Google Trends.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Share Article

Related topics

Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.

Follow Author

Unlock Next-Level Trading Experience — Earn up to 8.88% APY      


Unlock next-level trading on Bybit with your favorite metaverse      


Bybit New Token Listing: Win In-Game NFTs and SIDUS Tokens.      

Win Now!