Search For “Buy Bitcoin” Rising Shows Google Trend

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It may be the US election fever or it may be something else, but according to Google, the search for the “buy Bitcoin” term on the world’s largest source of information platform is on an upward trend. Though the particular factors that may be driving the rising interest has not yet been ascertained, Google analytics show that interest over time is currently at 87 – that’s tipping towards its highest point of 100 between June 12-18. Bitcoin price has reached the $770 mark within the current period. Whether the current ascension, which according to Google kick started in Oct. 22, will continue at such a pace and return to the peak price reached earlier this year, will be determined by one or more of the following factors. Trump, Clinton, Bitcoin The outcome of today’s Nov. 8 elections could be a factor. A study by research and analysis firm Juniper in July, speculated that the price of Bitcoin will rise if Republican candidate, Donald Trump, wins as it will create turmoil on the global markets. Every time the polls indicated a rise in popularity for Trump, the market structure changes, however that was not the case for Democrat candidate, Hillary Clinton. …

BITCOIN IS 100 TIMES MORE POWERFUL THAN GOOGLE

admin Bitcoin, Bitcoin 2.0, Bitcoin Entrepreneur, Bitcoin News, Crypto 2.0, Opinion, Reviews, The History Of Bitcoin 0 Comments

Allow me to introduce you to someone who has the potential to be very important in the future of Bitcoin. His name is Balaji Srinivasan, and he is the chairman and co-founder of 21 Inc. What is 21 Inc? 21 Inc. is the Bitcoin startup that secured the most venture capital of any Bitcoin company in history, at $116 million. What do they need $116 million in venture capital for? They are investing in “future proprietary products designed to drive mainstream adoption of Bitcoin.” With that in mind, the research of 21 Inc. has highlighted some interesting Bitcoin factoids. One Srinivasan released at the second annual Bitcoin Job Fair held last weekend in Sunnyvale, California regarding how big Bitcoin has become in the computing world. Google is big, but Bitcoin is bigger. How big is it? Honestly, I looked online to find out what a petahash rate and a gigahash rate was, and that is one long rabbit hole, so I’ll leave the technical ramble to techies like Mr. Srinivasan. He makes the comparison to Google based on the fair assumption that they are using 1e7 servers, for 1e7 H/s per Xeon, and ~10 Xeons/server = 1 PH/s. One petahash …