We often hear that China has been a major driver of the recent bitcoin price action. Trader Alex Krüger decided to see if the figures from Baidu (China’s version of Google) backed that up. Does Bitcoin Price Follow Interest Or Vice Versa? As a non-technical indicator, for those without time or inclination to peruse bitcoin price charts all day, Google trends is… okay. It’s not exactly scientific; though science has tried (and failed) to reachRead MoreThe post China’s ‘Google’ Trends Reveal Similar Rise In Bitcoin Searches appeared first on Bitcoinist.com.
