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30 October, 2024

Bitcoin’s Price Surge: Why Retail Investors Remain Unfazed

30 October, 2024

Bitcoin has been on a tear lately, with its price climbing steadily towards new all-time highs. But despite this bullish momentum, retail investors seem to be largely unfazed. A recent analysis reveals that Google search interest for "Bitcoin" is still significantly lower than the interest in "AI" over the past week.

This lack of enthusiasm from retail investors may be attributed to a number of factors. Some may be hesitant to invest in Bitcoin due to its volatility, while others may be waiting for a dip before entering the market. There’s also a growing interest in alternative digital assets and emerging technologies like AI, which may be diverting attention away from Bitcoin.

It remains to be seen whether Bitcoin’s recent price rally will be enough to entice retail investors back into the market. Only time will tell if the cryptocurrency can regain the popularity it enjoyed in previous bull runs.