The Currency analytics
By Evie Vavasseur
Americans can't stop googling "Bitcoin to zero" right now. Google Trends shows U.S. searches for this phrase just smashed all previous records this month, even as global interest…
The numbers tell a pretty stark story about what's happening in American investors' heads. While the rest of the world seems to be moving on from Bitcoin fever, U.S.
Global search interest peaked back in August. Then it basically fell off a cliff.
But here in America, it's a completely different story - searches for Bitcoin doom scenarios keep climbing higher.
Bitcoin's recent moves have been absolutely brutal to watch. February 15 was particularly nasty when the price crashed through that $25,000 floor.
The cryptocurrency market never fails to surprise people with its wild swings, and Bitcoin usually leads the charge in both directions.
And the silence from major players is deafening.
Coinbase hasn't said a word about the search spike or what it might mean for trading volumes on their platform.
The market did catch a break on February 18 when Bitcoin climbed back above $26,000, giving rattled investors some temporary relief.
JPMorgan Chase dropped a report on February 19 suggesting institutional investors might be losing interest in Bitcoin altogether.
Cointelegraph reported that institutional investors are already diversifying away from Bitcoin to manage risk better.
The search behavior reveals deeper fractures in American crypto sentiment that extend beyond simple price concerns.
Regional trading data from CoinMarketCap shows American exchanges accounting for 34% of global Bitcoin trading volume in February, up from 28% in December.