‘Buy Bitcoin’ searches on Google increased by 826% in the UK.

Google searches for “buy bitcoin” have increased worldwide, with searches growing by over 800% in the UK in the past week amid major crypto rallies.

According to a study by Cryptogambling.tv, the search term “buy bitcoin” has increased by a staggering 826% in seven days in the UK.

“The dramatic increase in ‘buy bitcoin' searches in the UK, combined with Cryptogambling.tv, highlights the increasing interest and potential impact of traditional financial institutions' involvement in the world of digital assets,” said a spokesperson for Cryptogambling.tv.

While users in the UK lead the pack, there has been a significant increase in searches related to buying bitcoins from web users around the world.

According to data from Google Trends, “Should I buy Bitcoin now?” from users in the United States. It's up over 250% and “Can I buy Bitcoin on Fidelity?” Including additional searches increased over 3,100% last week.

More specifically, “Is it a good time to buy Bitcoin?” The search term. Last week saw a 110% increase worldwide. In comparison, the “BlackRock Bitcoin ETF” rose 250%, indicating BlackRock's eagerness to acquire data in the space, which is currently awaiting approval.

The sudden increase in interest comes as Bitcoin's price has risen sharply over the past two weeks, with bitcoin surpassing $35,000 on October 24 for the first time since May 2022.

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The excitement appears to be closely linked to the approval of the Bitcoin ETF, which many analysts believe will trigger a new wave of buying from institutions.

Senior EFF analysts Eric Balchunas and James Seifert put the probability of approval on January 10 next year at 90%.

Over the last couple of weeks I've gotten a lot of questions regarding my view on the Spot #Bitcoin ETF. This is the first part of my memo yesterday with Eric Balchunas.

TLDR: Our view hasn't changed much pic.twitter.com/Htsi3n2XxV

— James Seyff (@JSeyff) October 13, 2023

At the time of publication, according to price data from TradingView, Bitcoin has gained more than 27% in the past two weeks.

Bitcoin has gained a powerful 27.9% in the last two weeks. Source: TradingView

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