It’s no secret that bitcoin’s exchange rate has been inflated due to media attention, leading many to believe that there’s been a speculative bubble. While it’s impossible to tell what the true rate of a bitcoin should be, there is evidence that the increased attention has now subsided, yet bitcoin’s exchange rate continues to increase. Google Google trends uses an index to determine relative search volume for a specific term, with 100 being the peak. From early March until mid-April, we saw a nearly 10x increase in search volume. By the end of may, this large increase has nearly subsided …
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