Following a recent speech by Chinese President Xi Jinping in support of blockchain technology, the number of WeChat searches for “bitcoin” has more than doubled. At the same time, the number of requests for the word "blockchain" increased by almost 12 times.
WeChat searches (10/23/19):
– 区块 链 (Blockchain): 777K
– 比特 币 (Bitcoin): 572KWeChat searches (10/25/19):
– 区块 链 (Blockchain): 9.2MM
– 比特 币 (Bitcoin): 1.3MMIncredible! pic.twitter.com/gXvqEQOmVn
– Cole Kennelly ⬙ ? (@ColeGotTweets) October 27, 2019
No less impressive statistics were provided by Primitive Ventures managing partner Dovi Wang.
https://t.co/g88DwdfOaZ def a lagging indicator
– Dovey Wan ? ? (@DoveyWan) October 27, 2019
According to the observations of analyst Alex Krueger, the dynamics of relevant search queries also began to grow sharply in the United States.
Bitcoin internet searches
Google + 233% (USA)
Baidu + 200%
WeChat + 145%This indicates searches likely increased because of the price pump, not the other way around. pic.twitter.com/P3YMJkOKIi
– Alex Krüger (@krugermacro) October 27, 2019
Recall that the sharp rise in bitcoin to $ 10,000 began shortly after the statement by President Xi Jinping, in which he supported the development of the blockchain.
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