BlackRock’s #Bitcoin ETF ($IBIT) just hit $33B in assets, surpassing its gold ETF in under a year.
Analysis: Google Trends serves as a valuable tool for gauging retail interest in #Bitcoin. Over the past 12 months, there has been a noticeable uptick, particularly since Trump’s recent election. The chart below shows that interest peaked around the Bitcoin halving event and again during the 2024 Bitcoin conference. Additionally, there was a significant surge in activity at the start of the year, coinciding with the SEC’s approval of #Bitcoin ETFs. image
#Bitcoin ETFs vs. Gold ETFs. image "However, It is important to also consider the population size as well as the percentage per capita of people who had access to financial services at the time."
"Most #bitcoin news is about bullish price speculation and predictive targets at the moment. This makes sense as the #bitcoin fear and greed index is verging on 'extreme greed' with a rating of 75%"