Dan Tapiero, a veteran global macro investor and a co-founder of Gold Bullion International (GBI), has noted on social media that Bitcoin isn’t just about the United States, nor is it an investment specific to the United States.
In a tweet shared with Tapiero’s 95,000 followers on the microblogging platform, the investor noted BTC is the “first truly global macro investment” and that it “cannot die because it will never die in all places all at once.”
Tapiero’s tweet was accompanied by data showing that search interest on Google for the word “Bitcoin” is strong in several countries throughout the world, with El Salvador leading the ranks. El Salvador leads as it approved a law making Bitcoin legal tender in the country late last year.
#Bitcoin is not about the US.#Bitcoin is not a US investment. #Bitcoin is the first truly global global macro investment.
It cannot die because it will never die in all places all at once.
As long as it always can live somewhere it can always live.#HODL pic.twitter.com/9UrhKAjR4B
— Dan Tapiero (@DTAPCAP) June 21, 2022
Tapiero’s tweet uses data taken from Google Trends which shows that searches for the keyword “bitcoin” have recently seen a high they hadn’t seen in the past 12 months, even with the flagship cryptocurrency trading above $60,000 late last year.
Google Trends uses an index-like approach to represent search interest, but doesn’t show exact figures. Nevertheless, it shows interest in the cryptocurrency went from 38 to 100 over the last two weeks, out of a total of 100 showing interest hasn’t been this high for some time.
Search interest for Bitcoin has surged after the cryptocurrency’s price dropped to a low under the $18,000 mark after hitting a new all-time high near $70,000 late last year. BTC has since recovered and is now trading at $21,300 according to CryptoCompare data.
Google Trends’ data seemingly reflects the anxiety seen in cryptocurrency markets seen over the last few weeks, with interest in the cryptocurrency spiking as even searches for “Bitcoin dead” have been exploding in volume.
Back in 2019, Tapiero suggested Bitcoin was a “truth machine” as it’s a “way to eradicate all fraud or lying by human beings… I mean the whole bigger concept of certainty, of confirmation, of validity, of security… That’s what you’re buying.”
During his 20-year career, Tapiero has worked “as a portfolio manager and analyst with a number of well-known investors such as Stan Druckenmiller (Duquesne Capital), Michael Steinhardt (Steinhardt Capital), Julian Robertson (Tiger Management), Steve Cohen (SAC Capital), and Lord Rothschild (RIT Capital).”
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