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I've just been checking out some numbers wit a Google marketing tools named "keyword planner".
This is data from the last 12 months of just 6 countries. US, China, Russia, Uk, Hong Kong and The Netherlands with just 7 keywords. Not so this data in reality is not complete, the numbers will be higher because there are more countries and keywords.
As you can see the the average monthly users searching for crypto related keyword are huge. So the market is there, period.
But if you did a proper keyword research and then compare it with the crypto trends, we should be able to see how the market is creating this growth, and might be able to filter the possible "transactions designed to slowdown crypto"
I already know, it's the users keeping it alive.
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Here is the data from the 12 months before that. And it looks like the last 12 months the market has grown about 20% roughly.
Google is our largest database combined with the largest marketing data, probably the best indicator or reflection of the actual market.
P.s. Again, sorry for the spam, I like numbers, graphs and charts, numbers usually don't lie.
While interesting, this isn't a great indicator either. For example, once people search for bitcoin one time and learn about what it is, they may not search for it again. As a counter example, someone who purchased bitcoin may search for "bitcoin" many times a day, every day, to check in on the price. Just as a quick example.
Those are 2 well examples of why the user might be searching, for what ever the reason is you can't look a numbers and averages this way, it's about million of users, in large scale charts it should be visible
so lets say 10M average search for example:
2M wanted to know what bitcoin was (potential new users)
2M Was working on Bitcoin
200K was looking for a new wallet
200k wants to buy bitcoin
First, it's all good, great indicator of the total market and it all ads extra value, those websites getting traffic make money, which in turn again ads to the crypto market, so it all good for crypto in general
Basically we can compare the searches of global market with the price/market cap or sales, which should have a lot of strong links and a great indicator due to the amount of data.
If one did a proper research, made more exact daily/weekly/monthly/yearly charts and would compare it to Market cap/number of transactions and other dimensions, you would see very strong links. Because that what the actual market was looking for.
You would be able to filter the fake stock market money/ large daily trades and more, when you get the comparable dimensions right.
Maybe. Unless you had a few large institutions enter the market... I think the stats you are looking at are a decent indicator of retail involvement.