The collection, analysis and retrieval of available Google data should now be clear to everyone. The resulting conclusions can also be drawn on behavior patterns. Google's ability to detect such anomalies was clearly illustrated by the example of South Korea.
South Korea has long been a key region for the introduction of Bitcoin. Now that the government and banks are on the rise, Googe Trends is showing an interesting trend.
Last week, South Koreans literally woke up every day with Bitcoin in their heads. Is Bitcoin in South Korea so close to the epidemic?
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The analysis of Google Trend shows a clear behavior
First, let's take a look at Google's global trends last week. As a keyword, we choose Bitcoin. Who sees the regularity in the chart? If you now move the mouse over the local high points of the graph, you will see that they are (almost) always at the same time. Almost scary, no?
Let's take a look at Google's explicit dashboard for South Korea in the last 7 days. Unquestionably, a regular pattern can be seen. Every day, around 7 am, Bitcoin's search queries peak. How can we interpret this peak?
Quite simply: South Koreans are literally waking up with Bitcoin in mind. They travel the subway every morning in google and read information on the way to work. You can also say: Bitcoin is an integral part of your morning routine.
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South Korea will be a huge catalyst for the adaptation of bitcoin.
Become aware of the dimension and relevance. South Korea is a country of 50 million inhabitants. It is a high-tech hub (Samsung, LG, Hyundai) dedicated to consumer electronics, sports and global innovation. It is therefore not surprising that crypto-currencies in South Korea are about to burst.
According to Cindicator, recent regulations, the growing cryptocurrency scene, the country's history and culture are key factors for BTC's acceptance.
Koreans as potential price engine for Bitcoin course
In fact, South Koreans already account for about 30% of total world cryptocurrency trade. In addition, about 30% of employees have cryptographic assets of all types and negotiate at varying frequencies.
The government itself is proactively promoting technical innovation by providing 1 trillion won ($ 880 million) for the development of the blockchain in 2019 alone. Of course, this massive financial support also supports the development of Bitcoin.
In addition, Bitcoinist announced yesterday that South Korea's biggest bank, KB Kookmin, had made a fundamental decision regarding cryptocurrencies and would now develop conservation solutions in cooperation with a start-up.
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With all these aspects in perfect harmony, South Korea could be the key to the new bull market Bitcoins. Because the first thing South Koreans think about opening their eyes is not their partner, their children or their job; it's Bitcoin.
What do you say about Google Trends? Can we draw a conclusion on the BTC price from the behavioral patterns of South Koreans? Discuss with us during our discussion by telegram and subscribe to our news channel.
[Good king News: Shutterstock, GoogleTrends]