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May 18, 2021
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Added tabs for virtual currencies such as Google Finance and Bitcoin

Cryptocurrency tab is now available on Google Finance

It turned out that the tab “Crypto” of cryptocurrency (virtual currency) was added on the 1st in Google Finance, a financial news platform provided by major search engine Google.

Google Finance is an information portal about financial information and stock markets. It also provides information such as exchange rates, but this time a new “Crypto” tab has also been added. Currently, four stocks are displayed by default: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Source: Google Finance

Change in awareness of virtual currency

In 2021, the attention of major companies to virtual currencies will continue to be high.

Earlier last month, Tesla, Inc. reported on the purchase of Bitcoin worth a total of 160 billion yen, MicroStrategy Inc. reported on the additional purchase of Bitcoin, and BNY Mellon, the oldest large bank in the United States, also announced that it would enter the custody business.

In North America and Canada, two Bitcoin ETFs were approved last month alone, operating 10,000 BTCs in a week. Bitcoin ETFs have been approved in the United States as the new Secretary of the SEC (Securities and Exchange Commission) is scheduled to take office this week as Gary Gensler, who has a reputation for having deep insight into cryptocurrencies. Expectations are rising.

In 2020, well-known investors Paul Tudor Jones and Stanley Druckenmiller changed their pessimistic attitude toward virtual currencies and announced their possession of Bitcoin, and companies and others have announced that virtual currencies are “digital” of Corona.・ It was a big opportunity to attract attention as “gold”.

The uptrend in the cryptocurrency market, which began around the fall of last year, is often compared to the soaring market in 2017, but the major difference is that the core investors have shifted from individual investors to institutional investors.

Looking at the number of Bitcoin searches on Google Trends, the number of “bitcoin” searches has not yet reached the 2017 high even in 2021, when the record high was about 190% higher than in 2017.

Source: Google Trend

The addition of the Crypto tab on Google Finance is an example of how Bitcoin and other cryptocurrencies are becoming a non-negligible presence in the so-called “traditional” financial industry. right.

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Author: Noah Sakamaki

Images used under Shutterstock license
“Cryptocurrency” means “cryptographic assets”

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