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Most Asked Question Of The Year On Google — What Is Bitcoin?

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As part of its annual "Year in Search" series, Google released the year's most trending search topics beginning with the words "What is." And the question that Americans and Britons asked most in 2018 was "What Is Bitcoin?"

The internet searchers in the US also wanted to know "What is racketeering," What is DACA," "What is a government shutdown," and "What is Good Friday."

Americans used the search engine also to know what Ethereum is, and for information on Bitcoin forks as well.

Cryptocurrency was a subject of interest also on Google's most trending topics that started with the words "How to."

Although Ripple, or XRP, is worth just 10 percent of its peak value today, the fourth most searched phrase in this category was 'How to buy Ripple.'

Despite being known as the most popular crypto currency, the search criteria 'How to buy Bitcoin' was ranked four places below that of Ripple.

And the question on millions of Americans' minds was raised mostly in January, when Bitcoin was within a month of reaching its record price of near $20000.

Questions about November's midterm elections took the top two spots on the list.

In contrast to web users' query for the definition of Bitcoin leading internet searches last year, searches for the term "Bitcoin" have declined rapidly since 2017, according to Google Trends.

Bitcoin was the second most searched global news on Google in 2017. But the softcoin is currently at its lowest level in 2018, worth just over $3,000. Some experts fear it will never peak again amid a greater crypto market sell-off.

The continuing downfall of the world's largest cryptocurrency indicates that traders may now be moving money out of bitcoin and into dollars.

From its December 2017 peak of nearly $20000, bicoin has fallen by more than 80 percent within a year.

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