Bitcoin Interest Wanes as Gold Takes the Lead

Bitcoin Interest Wanes as Gold Takes the Lead

Google Trends data reveals a decline in interest in Bitcoin, a trend that's not surprising given the recent highs and halving event. In contrast, gold, a more well-known store of value, is gaining popularity. The data shows that searches for "Bitcoin" peaked during significant events such as the ETF approval, all-time highs, and halving.

However, since then, interest in the cryptocurrency has waned. On the other hand, searches for "Gold" have increased significantly, indicating a growing interest in the precious metal as a store of value.

Interestingly, Bitcoin has a theoretical advantage over gold as a store of value. While gold's value increases by up to 2% annually due to inflation, Bitcoin's inflation rate is a mere 0.85%. This raises questions about whether Bitcoin is suitable as a medium of exchange. Must a store of value also be a currency? What does this have to do with the Blockchain Trilemma?

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