Editor's PiCK
"Despite Bitcoin's Record High... Lack of Interest from Individual Investors"
Summary
- It was stated that despite Bitcoin reaching an all-time high, individual investors are showing little interest.
- Currently, Google search volume for Bitcoin is low, and it is reported that this surge is driven by institutional investors.
- Many individual investors think they have missed their chance due to the already high price and are not participating in the market.
Recently, even though Bitcoin (BTC) has reached an all-time high (ATH), there are opinions that individual investors are showing little interest.
On the 13th (local time), André Dragosch, head of Bitwise Research, pointed out via X (formerly Twitter) that "Bitcoin has set a new all-time high, but individual investors are showing almost no interest," noting that Google search volume for Bitcoin remains low. He added, "This indicates that the current Bitcoin surge is driven by institutions."
According to Google Trends data, current search interest in Bitcoin scored 40 points, a 60% decrease compared to the second week of November last year.
The main reason for the low individual interest is said to be the already high price of Bitcoin. Lindsey Stamp, a Bitcoin critic, analyzed via X that "many individual investors, upon learning that Bitcoin is at $117,000, think they've missed their chance and thus do not pay attention."
Cedric Engelmann, host of the Bitcoin Matrix Podcast, forecasted, "Even if Bitcoin prices rise further, individuals are unlikely to participate in the market for a long time."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
