What people end up searching on Google provides raw information about the real state of mind, often revealing their interest, fear, and range of other emotions on a particular topic. To identify investor sentiment amid a bear market that has yet to find its bottom, Cointelegraph dug deep into the web to uncover the most searched questions about cryptocurrencies.
The top 10 Google searches related to cryptocurrencies reveal an increase in general investor curiosity – represented by two “Whys”, three “Whats” and five “Hows”. Let’s review the most crypto-related Google searches, from highest to lowest.
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What is Cryptocurrency
Even after thirteen years of disruption to traditional finance, the most popular question general investors ask Google is, “What is cryptocurrency?”. With a global search volume (GV) of 256,000, this Google search eclipses the second most crypto-related Google search by almost five (4.7) times.
This indicates the gap – and vast scope – in educating the masses about cryptocurrencies. However, despite the obvious conflict of interest, crypto entrepreneurs around the world are putting their differences aside and agreeing that educating the masses about cryptocurrencies can serve as a catalyst for widespread adoption.
What is Cryptography
The second most searched question on Google regarding cryptocurrencies is, surprisingly, just an iteration of the main question, which reads: “What is crypto?”. The question recorded a GV of 54,000 which, when combined with its predecessor, strengthens the case for educating the masses about cryptocurrencies.
The wh question highlights the lack of understanding among the masses and the need to shorten the learning curve for new and aspiring investors.
In third place for the most popular Google searches comes the top investment-related question, “How to invest in cryptocurrency”. With a GV of 44,000, the Googled question shows growing interest in crypto investments despite the prolonged bear market.
The keywords also highlight the need to simplify the process of investing in cryptocurrencies. This involves an overhaul of trading platforms to make them more intuitive for new investors coming out of traditional finance.
Taking fourth place with a GV of 37,000 is a Google search that is surprisingly the most natural progression one would take to learn about the crypto ecosystem in depth – “What is crypto mining”.
Investors with a basic understanding of the crypto ecosystem tend to try mining as a means of generating passive income through cryptocurrencies. The idea of reusing an old computer to earn cryptocurrencies by supporting the network is popular research, relevant since the early days of cryptocurrencies. However, off-the-shelf mining rigs have made it possible for novice miners to consider crypto mining as a viable career.
Given the growing popularity of cryptocurrencies, the search for “How to buy cryptocurrency” ranks fifth among the most searched crypto-related keywords on Google. The GV of 36,000 shows the clear interest in buying cryptocurrencies.
Bear markets are often considered the perfect time to make high yield investments. Given the price slump, existing and new investors are in a race to identify such investments as the market prepares to get back on the bull run.
Why is crypto crashing
The impact of prolonged bear markets has seeped into major Google searches as investors seek answers to the question “Why is crypto crashing?” The 2022 bear market proved catastrophic for several crypto ecosystems, wiping out millions of dollars overnight. As a result, Google search represented a GV of 33,000.
The continued free fall in prices, coupled with the lack of obvious support to cushion the fall, has generated negative investor sentiment around the world. However, despite the losses, inflation in traditional finance has forced investors to reconsider Bitcoin (BTC) and other popular cryptocurrencies as hedges against depleting purchasing power.
A key question asked by investors today – “How does cryptocurrency work” – is the seventh most searched question on Google about cryptocurrencies, with a GV of 27,000.
Following massive losses, the general public has become different about the inner workings of a crypto project. Understanding how cryptocurrencies (or a particular crypto project) work helps uncover the hidden risks of investments.
Why is crypto down
With popular projects such as Polygon making headlines for outages, the general public asks, “Why is crypto down,” resulting in a GV of 21,000.
With projects forced to stop withdrawals and freeze funds for various reasons, investors tend to find answers on the internet. This top 10 research highlights the unprecedented increase in service shutdowns. Rush services and blockchain shutdowns are the main drivers of negative investor sentiment.
For many, the idea of creating, marketing and selling their own cryptocurrency seems better than investing in something created by others. “How to create a cryptocurrency” is Google’s ninth most searched term in the crypto space with a GV of 14,000.
Decommissioned services now allow anyone to launch their own tokens. However, simply launching a cryptocurrency without aiming to serve a use case is doomed to failure in the long run.
Last in Google’s top 10 list is “How to trade cryptocurrencies,” with a GV of 13,000. Investors continue to search for new ways to trade cryptocurrencies despite the growing popularity of cryptocurrencies. currencies.
Depending on the jurisdictions, crypto platforms have started offering tailored services to meet the regulatory requirements of the region. Accordingly, investors should research to identify the most suitable platforms for crypto trading while ensuring compliance with local laws.