“Buy Bitcoin with Credit Card” – Google Search Popularity Worries Experts
Experts believe that they have managed to find an answer to the question of whether Bitcoin is a bubble. Google search engine helped them in this..
Data Trek Research co-founder Nick Colas drew attention to the fact that the query “buy bitcoin with a credit card” is gaining popularity in Google. This phrase accounts for only 3% of all requests related to Bitcoin, but its frequency is growing rapidly.
Such a trend may indicate that people are increasingly using borrowed funds to invest in cryptocurrency, the rate of which has recently been updating highs with enviable consistency..
“This trend will end in tears,” said Citadel CEO Kenneth Griffin.
Kolas, in turn, said that such interest from potential investors in using loans to invest in such a volatile asset as Bitcoin is “disturbing observation.”.
In general, Kolas notes that despite the growth in the number of cryptocurrencies and the significant interest that traders show in some of them, Bitcoin “is confidently leading in the issue of global attention in the field of cryptocurrencies.”.
Meanwhile, Bitcoin is one step closer to a key milestone this morning. At about 8:00 Moscow time, the cryptocurrency rate for the first time rose above the $ 9900 level, where it remains at the moment.
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