David Edwards
Bitcoin has recently outshined pop sensation Taylor Swift in Google searches, following a significant surge in interest, as reported by Bloomberg. This spike in attention comes from Google Trends data, highlighting that the cryptocurrency has hit its highest search volume in over a year, even outpacing the search interest for Taylor Swift, known for her hit “Anti-Hero,” in the last week.
According to U.Today, Bitcoin reached a record-breaking price of $73,737 this past Thursday. While there has been a slight decrease from these highs, the buzz around Bitcoin exchange-traded funds (ETFs) continues to be strong. These ETFs have made it easier for investors to get involved with Bitcoin, allowing them to invest without having to buy and hold the actual cryptocurrency. Since their introduction, these ETFs have attracted nearly $12 billion in investments.
Bernstein analysts are increasingly optimistic about Bitcoin’s future, forecasting a price target of $150,000 by the middle of 2025. This optimism is driven by the positive market reactions and the expanding adoption of Bitcoin ETFs.
