I need more other data – Google Trends

I was wondering if there would be a correlation between amount of google search for a phrase like “buy bitcoin” and Bitcoin’s price.

Under following link it’s very easy to check Google trends:

Przechwytywanie.PNG

Let’s quickly compare it with a chart for Bitcoin’s price from this link:

Untitled-1

Well – I believe there is significant correlation. I might need to remind myself some of the statistics from my MBA studies in order to mathematicaly prove or disprove my hypothesis. Good excercise for one of next posts.

What if to combine that data with a trading script..

Thanks for reading,
Łukasz.

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