Revisiting bitcon price vs. search volume

On March 19th, The Economist posted an interesting chart and analysis entitled “Bitcoin’s record price looks like a bubble.”

image

I reworked that chart in light of the market correction (or crash, if you prefer) over the past couple of days

image

Note that the old peak search, around June of 2011, has been completely eclipsed by the volume of searches for “bitcoin” now.

Interestingly, “bubble” is not among the top 20 searches for “bitcoin” in the Trends report for the overall period (chart below). It was also not in the top 20 during the thirty days surrounding the previous peak in June of 2011. However, it is showing up as a “breakout search” in data from the past 30 days.

image