Analysis: Chinese investors are likely to be a positive factor in boosting BTC prices in May

On June 3, economist and cryptocurrency trader Alex Kruger made a related study on the price trend of bitcoin and the bitcoin heat in the Chinese market. It was found that Chinese investors are likely to be a positive active in boosting BTC prices in May. factor. Kruger said that from the market performance from April to May, when the BTC price is in a big break or in a strong rebound, the Baidu search heat of the "bitcoin" keyword tends to soar. This trend is even more pronounced in May. In addition, while the price of BTC has risen, both Google search on behalf of the global market and Baidu search on the Chinese market have shown a simultaneous upward trend.