Bitcoin price going up? So is public interest
Tom Geller
I put the right words in the right order. Now with extra hireability! (Dutch citizen since 2022.)
Here's a chart comparing bitcoin's price over time to viewers of my two LinkedIn Learning video courses. ("Learning Bitcoin" came out in June 2014; "Learning Bitcoin and Other Cryptocurrencies" replaced it in mid-2018.) They're scaled for visual effect, but otherwise convincingly pair bitcoin's price with the public's hunger for on-demand bitcoin education.
I first noticed the correlation when bitcoin's price peaked just shy of $20,000 in December 2017, just as course viewership for "Learning Bitcoin" reached its own zenith. Viewership dwindled as bitcoin's price fell from this height, bottoming near $3,000 a year later.
Now, after an 18-month "cryptocurrency winter", bitcoin flirts again with $10,000. Course viewership has gone up, too -- although not nearly as much as with the first peak. I have some theories about this:
- The rush for education may yet happen. How aware is the public of bitcoin's recent rise, averaging 36% each month for the last three? I haven't seen many news stories yet. Is the public tired of bitcoin's off-and-on love affair with big numbers? Or is this rise's media flood yet to come?
- Perhaps (nearly) everybody who was going to learn about bitcoin already did in that wave two years ago. If so, that could signal that bitcoin's status as "a thing I need to learn about" has peaked.
- There are more ways to learn about bitcoin now -- shoot, LinkedIn published five more cryptocurrency courses since "Learning Bitcoin"'s 2014 release! So not as many will turn to my courses.
So tell me: Do you plan to learn about bitcoin in greater depth? If so, when and why? If you already did, when and why?
Thank you, interesting outlook.
Senior content creator in developer platforms for healthcare
5 年Yes I have been learning about Bitcoin and the Blockchain on a steady basis, but still have a lot to learn. I did buy a single Ethereum token just to have some "skin in the game," and I watched it lose 70% of its value, then return about 30%. So it's still down in value; but I'm still paying attention! I don't know where exactly this is going, but so many companies and investors are involved, it's worth being prepared for when some big player -- like Facebook -- launches a bitcoin-based service and the scramble begins.?