Despite bitcoin’s recent rally – no growth in crypto app downloads

Despite bitcoin's recent rally – no growth in crypto app downloads

Image source: Shutterstock / Trijo News

Teodor Stig-Matz

This may show that the recent surge in the bitcoin price is not driven by consumer interest.

Despite bitcoin’s recent rally, the downloads of crypto-related mobile apps have not gone up, Bloomberg reports.

Figures from mobile app analysis company App Annie shows that downloads in the first half of 2019 are only 1.82 percent higher than they were last year.

Though a small increase, it’s not close to the 45 percent that downloads went up in 2017.

Google searches also down

This, combined with the fact that Google searches for the word bitcoin was five times higher in 2017, may show that recent price increases have not been driven by an increase in interest for bitcoin among consumers, Bloomberg reports.

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