Is Google Influencing The Price Of Bitcoin?

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/08/is-google-influencing-the-price-of-bitcoin/.

Is Google Influencing The Price Of Bitcoin?

Could it be possible that a rise in the trend of Bitcoin related search terms, could be helping change the price of Bitcoin? Bear with me because this isn’t suggesting Google searches have a direct manipulative impact on the value of the markets, but new research does show that Google Search trends could be used to help investors predict what might happen next.

A study called ‘Risks and Returns of Cryptocurrency’ by Yale University Economists Yukun Lin and Aleh Tsyvinski has found a correlation between Google trends and the value of various cryptocurrencies.

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