Cryptocurrency craze is sweeping the general public, as observers said President-elect Donald Trump’s decision to introduce a memecoin has reversed the Overton window, bringing digital assets into the mainstream.
Google Trends, a widely used tool to measure general or retail interest in current affairs, currently returns a value of 100 for the global search query “how to buy cryptocurrency.” The final figure for the week will be confirmed on Saturday.
A score of 100 represents peak popularity: the maximum number of searches observed for the query over a given period of time, in this case, five years. It’s a sign that more and more people are scanning the web for information on how to get exposed to cryptocurrencies.
Google Trends provides access to a primarily unfiltered sample of search requests made to Google and scales your searches on a range of 0 to 100, according to the company. The search value represents the search interest relative to the highest point on the chart for the selected region and time.
Note that the increase in search queries does not necessarily promise a real increase in buying pressure, as investors often fail to act.
That said, a value of 100 for the search query “how to buy cryptocurrency” shows that retail investors are eager to enter the market.
The enthusiasm is understandable, as Donald Trump, the incoming US president, is expected to create a strategic bitcoin reserve, much like the oil reserve, while declaring cryptocurrencies a national policy priority. . Trump could hint at these plans during his speech later Monday if rumors are to be believed.
Over the weekend, Trump and his wife Melania launched their respective memecoins, TRUMP and MELANIA, which quickly reached several billion dollars in market capitalization.
According to some analysts, Trump’s decision to introduce his memecoin has made “Overton’s Widow” – that is, what was once considered fringe – now enter the mainstream.
“If everything is legal now[1]many startups will try to raise funds by issuing tokens as explicit cryptocurrency. For context, the SEC distorted the market over the last decade by forcing founders to obscure the obvious analogy between tokens and stocks. But there’s nothing *morally* wrong with moving stocks from spreadsheets and NASDAQ to blockchains,” Balaji Srinivasan, former CTO of Coinbase, said in X.
The Overton window is a theory for understanding how social ideas change over time and influence politics. It represents the range of topics and arguments politically acceptable to the general population at any given time.
Pseudonymous analyst Trevor.btc said Trump’s memecoin move has laid the groundwork for cryptocurrency deregulation in the US.
“The $TRUMP memecoin just ripped off the band-aid and changed the Overton window for cryptocurrency deregulation in the US. Now is the time to look at areas of crypto hindered by regulation and shoot first, ask questions later” said Trevor in X.
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