#active bitcoin users

Using Google Trends to Detect Bitcoin Price Bubbles

Willy Woo is an entrepreneur, angel investor, derivatives trader and cryptocurrency enthusiast.

In this guest piece, Woo discusses the recent run-up in bitcoin price, and the methods he uses to determine if and when bitcoin is overvalued.

Simply put, Google Trends is a great way to track the growth of active bitcoin users.

The search ‘BTC USD’ serves as a proxy for the engagement of active…