Interest in bitcoin has suddenly spiked recently to 50 out of 100 according to Google trends.
Searches for bitcoin were on a downwards spiral since June 2022 when they peaked for this year, falling to 25 out of 100 in October.
It has doubled since, while ethereum has not seen much change compared to the significant spike in bitcoin.
This spike follows the recent FTX events that attracted widespread coverage, in both social media and traditional media.
WallStreetBets for example has added Sam Bankman-Fried, FTX’s CEO, to their hall of fame in a sign of just how much impact this bankruptcy had outside of the crypto space.
The bankruptcy followed a four months long sideway that made crypto very stable and kind of boring, but in just two days earlier this month that changed completely and crypto became a volatile rollercoaster once again.
All sorts of rumors keep flying currently in a fear dominated atmosphere regarding whether someone else might poof like FTX.
Any hopes of recovery have also been dashed completely, with the speculated accelerated timeline for this bear going back to the traditional timeline of November rekt and hopefully Christmas day salvation.
All that means there’s new room to speculate with many occasional cryptonians and non-cryptonians now probably hearing for the first time about bitcoin since last year.
What that means exactly is anyone’s guess, but crypto is alive again just as mainstream media declares it dead.
All this new interest therefore may translate into price action as the crypto space goes through the Chinese whispers stage of an happening.