Q: Historically, what is the most reliable and accurate leading indicator of future Bitcoin price?

A: Historically, the most reliable and accurate leading indicator of future Bitcoin price has been the Google Trends search volume for the term “Bitcoin”. This is because the search volume is a good indicator of the level of public interest in Bitcoin, which is often a good predictor of future price movements.

Q: Is that a leading indicator?

A: Yes, Google Trends search volume for the term “Bitcoin” is a leading indicator of future Bitcoin price.

Q: Approximately what time period does it lead?

A: The Google Trends search volume for the term “Bitcoin” typically leads the Bitcoin price by a few weeks to a few months.

Q: Can you provide an r-value for the correlation between Google Trends search volume for term “Bitcoin” and Bitcoin price? The correlation between Google Trends search volume for the term “Bitcoin” and Bitcoin price is typically around 0.7, indicating a strong positive correlation.