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Bitcoin price in 2022
Google Trends data now confirms that Google searches for "Bitcoin" have slowed considerably. This is contrary to other widely-reported statistics that have projected Bitcoin to be at a $40,000 USD (or $75,000 CAD) per Bitcoin by the end of 2017. Also, the benchmark Bitcoin figure of $15,000 USD (or $30,000 CAD) was reported by some UK newspapers.
But Google Trends data suggests that people are still searching for Bitcoin, with that figure estimated at well over 80,000 monthly searches. What will the average person understand Bitcoin to mean?
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Perhaps, the more relevant metric is Google searches that reference the term "Bitcoin," as illustrated below. Google Trends data suggests that many people are still searching for information, but a greater portion of the population are asking Google whether Bitcoin is really money.
Other calculations may provide us with a clearer idea of Bitcoin's projected market cap and if the digital currency is still growing as an industry, at a rate faster than the rate of inflation. The Bitcoin mining reward has been halved three times over the past year and the Bitcoin mining reward may well be reduced a fourth time.
According to Bitcoin Confidential and Andreas Antonopoulos, a possible future Bitcoin protocol change could add another five to eight Bitcoins to the bitcoin economy. Also, there are reports that the Bitcoin blockchain, which powers the digital currency, is approaching its limitations, with claims that the Bitcoin blockchain is only able to handle approximately five transactions per second.Bitcoin currently trades at $2318 USD as of June 1, 2017, which means that the Bitcoin price has a market cap of $115.15 billion USD.
Where will Bitcoin go next? And how will we measure Bitcoin's overall value and contribution to humanity? Google Trends may have an answer.Vernon Melnick and Peter L. Wendell are authors of The Bitcoin Big Bang, as well as founders of New York Blockchain LLC and Altus Ventures, LLC.To comment on this article, please contact Buttercoin .
About Buttercoin
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Headquartered in New York City, Buttercoin builds blockchain-based technology that automates value exchange and promotes the growth of the decentralized, global crypto economy. Buttercoin enables businesses to capitalize on the decentralized nature of crypto and the huge opportunities that blockchain has to change the world. Buttercoin and its flagship product, the Buttercoin Wallet, are located at buttercoin.comMedia Contact
Dante BaldassarrCommunications Director
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To learn more about Buttercoin, please visit
[1] Daniel Krawisz, "Bitcoin surges to new high," The Wall Street Journal, January 29, 2017
[2] "Bitcoin price update," TheWrap.com, December
[6] John Taylor, "How Bitcoin works," The Washington Post, November
[8] Jeff Reeves, "Is Bitcoin losing its momentum?" MarketWat
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