Satoshi Cycle

With the internet not only came faster trading, but new ways of predicting prices. We’ve got higher computing power, but also things like social media (See: S-Scores), and internet searches (mostly Google search...sorry-not-sorry, Bing.) We’ve also got cryptocurrencies.

The Satoshi Cycle concerns two things that weren’t possible back in the day: cryptocurrencies (Bitcoin in particular) and internet searches.

If you didn’t know, the nickname for the unknown Bitcoin creator was Satoshi Nakamoto, which is where the Satoshi Cycle got its name. And if you don’t know what Bitcoin is...well...welcome to the internet. It’s the world’s hottest and oldest cryptocurrency, a virtual currency that’s not controlled or backed by any government. Bitcoin started the wild, wild west of internet currencies.

The Satoshi Cycle theorizes that the price of Bitcoin is correlated to internet searches for Bitcoin. The hotter Bitcoin is based on people searching for Bitcoin online, the higher Bitcoin’s price got. The more Bitcoin searches waned, the less Bitcoin was worth. Cryptocurrencies are known for crazy ups and downs in terms of actual value, so knowing that they might be correlated with search (or anything, really) is big news.

But...it’s only a theory. Still, it makes sense that Bitcoin is only worth anything to anyone if it’s valuable to its online community. Without them, Bitcoin would be no better than ShruteBucks. Critics are waiting for Bitcoin to burst, becoming worthless. But cryptocurrencies of all sorts are rising, and Bitcoin’s still truckin' along.