The National Bureau of Economic Research has published a study that demonstrates that crypto markets evolve according to the attention they receive, unlike conventional financial markets.
Two economists from Yale University, Yukun Liu and Aleh Tsyvinski, authors of the study, say that the investors do not perceive crypto-currencies in the same way as stocks or conventional currencies.
This statement is based on searches for keywords like "Bitcoin" or "Ethereum" on the forums, on Google, on social networks or on Twitter. According to them, an increase in search queries over a week can predict a rise over several weeks. On the contrary, the increase in search queries such as "Bitcoin hack" predicts a future decline.
Google Trends for Bitcoin search term
#bitcoin: Popularity, Trend, Related Hashtags | Hashtagify