Meanwhile, Bitcoin’s recent price pump seems to have woken up more retail investors over the last week as Google search interest for “Bitcoin” has risen substantially.
However, it’s still far off from the last bull run, with current search interest for Bitcoin scoring 48 out of 100 relative to late May 2021, when all-time search volumes reached their peak, per Google Trends data.
Leading analysts believe that Bitcoin’s price surge will continue to soar, driven by positive political and economic factors.
Standard Chartered has released a report predicting that the global cryptocurrency market could increase fivefold, from $2.5 trillion to $10 trillion by the end of 2026. Specifically, Bitcoin is projected to hit $200,000 and Ethereum $10,000 by the end of 2025.