THE PRUDENT INVESTOR: Why I’m ditching lousy fund managers who can’t even beat a robot! Why are banks making it so easy 9flats bitcoin stock fraudsters to open accounts? Revealed: The most viewed overseas homes for sale including a Majorcan villa once featured on hit TV show Love Island – which exotic pad would you pick? Is the excitement over bitcoin dying?
Read this: Is the excitement over bitcoin dying? The number of people searching for bitcoin online both in Britain and worldwide has fallen sharply since the start of the year, data for This is Money shows. The correlation shows that many novice investors may have piled into the cryptocurrency at the price peak. It means some may have been stung since as the price has more than halved. According to exclusive data for This is Money by analytics firm Hitwise, UK searches for bitcoin have fallen 61 per cent so far in 2018 compared to the end of 2017. Hitwise analyses the online behaviour of 3million Britons, using the likes of Google, Bing and app data.
25 per cent dip compared to Monday. In the three weeks previous today, bitcoin had been going through a relatively stable time compared to previous spells for the often volatile digital currency. 11,500 since 14 February to yesterday after that sharp fall from December. Data for This is Money by Hitwise Monitor in December showed that searches for bitcoin were up 819 per cent in 2017 compared to the previous year as interest in the digital currency snowballed. This indicates that appetite for the cryptocurrency around the globe has slowed substantially. Last week, Bank of England Governor Mark Carney called for cryptocurrency regulation and said bitcoin and rivals exhibit ‘classic hallmarks of bubbles’ attracting ‘fools’. The Bank’s Financial Policy Committee is carrying out a study into the risks posed to UK financial stability by cryptocurrencies.