Cryptocurrency Trends Eclipse Aging Institutions: Interest High on Bitcoin and Binance
Interest in Bitcoin edges out searches for Nasdaq, Dow Jones Industrial Average and Goldman Sachs. Despite record searches for Bitcoin in December 2017, the leading cryptocurrency still dominates as the world of finance comes to grips with the fact that the Bitcoin bubble is a characteristic of its volatile price action and not a digital currency apocalypse.
Recent news of a Goldman Sachs cryptocurrency trading desk and more exchanges offering block trades to accommodate institutional investors has stimulated more searches.
Binance, the world’s leading cryptocurrency exchange, is also retaining strong interest. What’s remarkable about the search volume for Binance is that it eclipses interest in the New York Stock Exchange, which has been around for 225 years. Binance, founded in July 2017, is barely a year old.
Binance has also posted remarkable profits of roughly $200 million in the first quarter of 2018, its second quarter on record. The company plans to increase its workforce to nearly 2,000 employees as it expands its operations in Malta.
In sharp contrast, 148-year-old Deutsche Bank, the 16th largest bank in the world by total assets, posted an epic slide of 79% over last year’s profits. It earned a disappointing $146 million in net profits for 2018 Q1. The bank is preparing for mass layoffs through 2018, trimming its workforce of 10,000 employees and reducing its investment banking arm.
Worldwide Interest in Bitcoin vs. Nasdaq
Worldwide Interest in Bitcoin vs. Dow Jones Industrial Average
Worldwide Interest in Bitcoin vs. Goldman Sachs
US Interest in Bitcoin vs. Nasdaq
US Interest in Bitcoin vs. Dow Jones Industrial Average
US Interest in Bitcoin vs. Goldman Sachs
Interest in cryptocurrency exchange Binance goes head-to-head with the New York Stock Exchange, founded in 1792.
Worldwide Interest in Binance vs. NYSE
US Interest in Binance vs. NYSE
Worldwide Interest in Binance vs. Deutsche Bank
US Interest in Binance vs. Deutsche Bank
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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