These are two of the most popular assets on the market, Bitcoin and Tesla: here is a comparison based on the data provided by Google Trends.
Bitcoin vs Tesla: a 2020 of ups and downs
2020 is not a year like any other. The coronavirus pandemic has upset the economic and social balance of the world. This is also reflected in the interests of the users.
It is no coincidence that the year began with Tesla searches far superior to Bitcoin. On February 5, there was a peak of searches for the word Tesla, which then fell.
The moment the financial markets collapsed, the situation was reversed and the volume of searches of Bitcoin suddenly skyrocketed. On March 13, the most dramatic day of the crisis in the financial markets and cryptocurrencies, Bitcoin doubled its search volume compared to Tesla.
The two parameters then had similar searches again, with BTC slightly higher compared to Tesla.
The halving of May 11 led to a sharp rise in interest in Bitcoin. It is no coincidence that that same day, the word bitcoin was much more sought after than Tesla.
With the launch of SpaceX in late May, interest in Tesla has once again prevailed over that of the king of cryptocurrencies. The gap between the two assets in terms of Google searches has been widening. The trend reversed again with Bitcoin's return above $ 10,000.
Since the end of July, the words Bitcoin and Tesla have become the protagonists of a head-to-head competition, with search results well below their respective peaks.
The comparison between Bitcoin and Tesla around the world
It is also curious to see how in these 8 months, Serbia, Norway, Denmark, Taiwan and South Korea are the five countries where Tesla's research clearly prevails over Bitcoin.
The areas where search volumes are more balanced are Mexico, United Kingdom, Switzerland, Germany and Australia.
Finally, Pakistan, the Philippines, South Africa, Brazil and Vietnam are the countries where Bitcoin searches clearly prevail over Tesla's. And it is no coincidence that it is precisely in Brazil where there have been price increases of BTC against the local currency, while in the Philippines trading in Paxful has increased considerably.