Created by Jeremy Schneider, founder of online education company, the Personal Finance Club, the graph compares Bitcoin’s price in U.S.
Following the graph, you can see that as search interest in Bitcoin first spikes in mid-2017, the cryptocurrency’s price soon picks up momentum and peaks at about $20,000 late that year.
Looking at Schneider’s chart, it’s hard to conclude that Bitcoin’s price tracks anything so much as the number of people wondering at any given moment if they can make money in Bitcoin.
One lesson for investors seems obvious: If you want to buy Bitcoin, don’t buy it today, just when mainstream investors’ fascination is higher than its almost ever been.
But that reasoning also lands prospective investors in a kind of Catch-22.