Question of the Day: What was the most searched "What Is...?" on Google this year?
- Bitcoin was once worth almost $20,000 and now it's hovering around $4,000. Any ideas on why the price has declined so much?
- Do you know anyone who has invested in bitcoin?
- Investors use the term "popping the bubble" in describing an asset that rises quickly and then drops sharply. Why do you think investors get so excited about certain assets like bitcoin while the bubble is inflating?
Behind the numbers (from Morning Brew):
Turns out, we're not the only ones asking— bitcoin was the most searched "what is...?" definition on Google in 2018 (in the U.S. and the UK). In fact, more were interested in learning what the cryptocurrency is than exploring the mysteries of DACA, a government shutdown, or Good Friday.
This could be the only award bitcoin's going to win in 2018. It skyrocketed 1,400% in 2017...only to fall 80% this year.
Thanks to Beth Tallman for catching this on the Morning Brew (a great free newsletter that we read daily).
About the Authors
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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