Bitcoin is once again turning up on the Google Trends list. On Tuesday, the term came in at number 1 with well over 200,000 searches. But unlike previous times we’ve seen Bitcoin on the trends list (largely due to huge spikes in the price per coin), this time the term is trending for all the wrong reasons.
With news that Mt. Gox halted trading and took their website at the start of the week, various media outlets took the situation as a sort of “bitcoin apocalypse” — with some outlets going so far as to declare the digital currency is on the verge of collapse (we’re looking at you, LA Times).
For individuals who do not understand the idea of bitcoin, Mt. Gox has become somewhat synonymous with it’s use, largely due to the fact that it was the trading house quoted most when the price per unit exceeded $1,000 USD last year.
Personally speaking, I’ve had a few inquiries going about my day the likes of “so, what’s going on with the bitcoin?”
As such, it’s understandable that individuals would be searching for this maniacally. If there’s anything we’ve learned in this realm, it’s that anything can happen unpredictably: be it really good or really, really bad.