Bitcoin becoming mainstream again? Even the most distant data can make it possible to determine a trend. And in the case of Bitcoin this is measured by the return of an interest that could be described as seasonal. Indeed, this emblematic cryptocurrency does not only attract followers of a revolutionary new monetary and economic model. A reality that is all the more palpable when the hairy monster of the bear market finally seems to have decided to return to its lair. And at the end of October, the temperature of BTC shows a remarkable surge… on Wikipedia.
Wikipedia is on fire for Bitcoin?
The title of this paragraph is deliberately amplified. This for the simple reason that the Wikipedia site has decided to ban Bitcoin donations for over a year now. A decision difficult to understand on the part ofa structure based on the generosity of its community. Especially when we consider that BTC makes it possible to circumvent government blockages and other liberticidal abuses on the Internet.
Regardless, the page dedicated to Bitcoin – translated into 117 languages – still exists on this community encyclopedia. A good way to estimate the popularity of this cryptocurrency by observing the number of visits made. And clearly, the increase is there:
Indeed, the graph supposed to monitor these movements records a very significant increase on the day of October 24. A record of 13,490 connections which erases the previous one dated June 2022. And a trend that some analysts associate without too much difficulty with the erroneous announcement of the official approval of BlackRock’s spot Bitcoin ETF.
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Return to the rise confirmed?
This sudden resurgence of interest coincides with the recent rise in BTC over the last week and a return to the $35,000 threshold. Indeed, over this period alone Bitcoin shows a surge of 13%. And its performance exceeds 26% if we look back over the last 30 days.
A favorable context, presented by The Block Research analyst Rebecca Stevens as a good reason to relaunch a hitherto absent appeal to subscribers for Bitcoin:
“Bitcoin’s recent rally and the potential for a spot ETF are getting people more interested in the asset. The new interest can be shown in more informal ways, for example by increasing the number of people visiting the Bitcoin Wikipedia page. »
This dynamic is also notable on the Google Trend tool. Indeed, the day of October 24 displays a record of interest in the term “Bitcoin” over the last few months. The remaining question is whether Expected Approval of Spot Bitcoin ETFs Will Allow BTC to See Sustainable Rise, as Galaxy Digital seems to think. Some even see it as one of the main drivers of his next bull run.
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