Top 10 most Googled questions about cryptocurrency and its implication

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What people search for on Google provides raw insight into the true mindset, often revealing the range of interests, fears, and other feelings they have about a particular topic. To identify investor sentiment amid a bear market that hasn’t gotten to the bottom yet, Cointelegraph dug deep into the web to find out the most Googled questions about cryptocurrencies.

The top 10 Google searches related to cryptocurrency uncovered a surge in curiosity among general investors – two represented by the ‘Why’, three by the ‘What’ and five by the ‘How’. Let’s go through the most crypto-related Google searches from highest to lowest.

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what is cryptocurrency

Even after thirteen years of disruption to traditional finance, the most popular question that ordinary investors ask Google is, “What is cryptocurrency.” With a global search volume (GV) of 256,000, this Google search outperforms the second most crypto-related Google search by almost five (4.7) times.

This points to a gap – and a vast scope – in educating the public about cryptocurrency. However, despite the apparent conflict of interest, crypto entrepreneurs around the world put their differences aside and agree that educating the public about cryptocurrencies can act as a catalyst for mainstream adoption.

what is crypto

The second most Googled question about cryptocurrencies is, unsurprisingly, a repetition of the top question, which read, “What is crypto.” Question recorded a GV of 54,000 which, when combined with its predecessor, strengthens the case for educating the public about cryptocurrencies.

The wh-question highlights the lack of understanding among the masses and the need to shorten the learning curve for new and aspiring investors.

how to invest in cryptocurrency

In third place for the most popular Google searches comes the first question related to investing, “How to invest in cryptocurrencies.” With a GV of 44,000, the Googled question reflects a growing interest in crypto investing, despite a prolonged bear market.

The keywords also highlight the need to simplify the process of investing in cryptocurrencies. This means a redesign of trading platforms to make them more comfortable for new investors looking to move beyond traditional finance.

what is crypto mining

Taking fourth place with a GV of 37,000 is a Google search that surprisingly is the most natural progression one can make when learning in depth about the crypto ecosystem – “What is crypto mining.”

Investors with a base-level understanding of the crypto ecosystem try mining through cryptocurrencies as a means of making passive income. The idea of ​​retrofitting an old computer to earn cryptocurrency by backing the network is a popular pursuit, relevant since the early days of cryptocurrencies. However, off-the-shelf mining rigs have allowed novice miners to consider crypto mining as a viable career.

how to buy cryptocurrency

Given the growing popularity of cryptocurrencies, a search for “how to buy cryptocurrency” takes the fifth spot as the most searched crypto-related keyword on Google. A GV of 36,000 shows a clear interest in buying the cryptocurrency.

Bear markets are often viewed as the perfect time to make high-yield investments. Given the falling prices, existing and new investors are in a rush to identify such investments as the market looks set to recover rapidly.

Why is crypto crashing

The effects of prolonged bear markets spread to top Google searches as investors try to find the answer to the question, “why is crypto crashing.” The bear market of 2022 proved to be disastrous for many crypto ecosystems, wiping out millions of dollars overnight. As a result, a Google search represented a GV of 33,000.

The continued fall in prices, with no clear support to reverse the decline, generated negative investor sentiment around the world. However, despite the losses, inflation in traditional finance has forced investors to reconsider bitcoin (BTC) and other popular cryptocurrencies as a hedge against dwindling purchasing power.

How cryptocurrency works

An essential question asked by today’s investors – “how does cryptocurrency work” – stands as the seventh most Googled question about cryptocurrencies, with a GV of 27,000.

Following the massive loss, the general public has differed regarding the inner workings of a crypto project. Understanding how cryptocurrencies (or a particular crypto project) work helps uncover the hidden risks of investing.

Why is crypto down

With popular projects like Polygon constantly making headlines for service disruption, the general public asks, “Why is crypto down,” resulting in a GV of 21,000.

With projects being forced to halt withdrawals and block funds for various reasons, investors look for answers on the Internet. The search, which made the top 10 list, shows an unprecedented increase in service closures. Untimely services and blockchain shutdowns are the primary drivers of negative investor sentiment.

how to make cryptocurrency

For many people, the idea of ​​creating, marketing, and selling their own cryptocurrency sounds like a better idea than investing in something created by others. “How to Create Cryptocurrency” stands as the ninth most Google searched term in the crypto space with a GV of 14,000.

Off-the-Services now allows anyone to launch their own token. However, simply launching a cryptocurrency without the goal of serving a use case is destined to fail in the long term.

how to trade cryptocurrencies

Last on the list of top 10 Google questions is “How to trade cryptocurrency”, with a GV of 13,000. Despite the increasing popularity of cryptocurrencies to the mainstream, investors continue to research new ways to trade cryptocurrencies.

Depending on the jurisdiction, the crypto platform has started offering services to meet the regulatory requirements of the region. As a result, investors should do research to identify the most suitable platform for crypto trading while ensuring compliance with local laws.