Search Google for “Bitcoin going to zero” have surged to their highest level since the post‑FTX panic in November 2022, according to Google Trends data for the past five years.
You can also find out more about the following: spike aligns with Bitcoin’s latest drawdown from its Oct. 6, 2025, all‑time high near $126,000 to about $66,500 at the time of writing on Thursday, according to data CoinGecko is now almost 50% lower than its previous peak.
The Bitcoin Fear and Greed Index also has increased. plunged Extreme fear is a 9 levels previously seen during the Terra ecosystem collapse And the fallout of FTX in 2022.
Google Trends has shown that the phrase “Google Trends” is a worldwide trend. “Bitcoin going to zero” Last reached comparable levels in Early November 2022, when FTX froze withdrawalsBitcoin)BTCAround $15,000 was the price at which.
Bitcoins today are different than in 2022
Perception’s crypto intelligence platform analyzed the narrative intelligence of 650+ crypto-media sources, and then shared their findings with Cointelegraph.
Fernando Nikolic, the founder of Nikolic, said that internal events such as terrorism and riots in 2022 would be driving fear. cascading failures of centralized lenders Today’s concern is about one of the largest stock exchanges in the world. “driven by macro fears and being amplified by a single bearish voice.”
Related: Bitcoin passes $69K on slower US CPI print, but Fed rate-cut odds stay low
Nikolic stated that Bloomberg’s Mike McGlone was the single loudest voice in driving the “Bitcoin could go to zero (or near-zero)” He has written a narrative and he is a “one-man content machine this cycle,” calling Bitcoin was set at $10,000 by Feb. 3. The market crash of 2008 had been predicted and Bitcoin has continued to fall over the previous month.
McGlone, according to McGlone’s statement at Cointelegraph, is amplifiied by the cryptomedia and other sites. “essentially been the go-to bearish quote for the past three weeks.” “This media saturation likely contributes directly to the Google search spike,” He said.
Retail fear lags professional media sentiment
Nikolic stated that the real counterpoint is that “nobody is synthesizing” While “Bitcoin to zero” The number of searches is increasing. Institutional buyers, like Abu Dhabi sovereign funds are purchasing more BTC. are increasing their Bitcoin exchange-traded fund holdingsAnd large corporations like Strategy continue to stack BTC.
He said that Perception data showed media sentiment peaked on February 5, and has recovered for the past two weeks. Google, however, is still struggling. “Bitcoin going to zero” The peak of the search season is now mid-February.
Related: Willy Woo warns quantum risk is eroding Bitcoin’s edge over gold
According to him, the fear of retail consumers lags behind that of professional media by 10-14 working days. “By the time the public is most scared, the professional narrative has already started to stabilize. The retail narrative and institutional behavior are moving in opposite directions.”
Fears of the macro and quanta
A surge of terrorism has occurred. “Bitcoin going to zero” searches is also unfolding against a backdrop of record‑high macro anxiety.
World Uncertainty Index – a measure of global uncertainty based on references “uncertainty” The Economist Intelligence Unit’s country reports are a great source of information. sitting at its highest level in the Federal Reserve Bank of St. Louis (FRED) time series, exceeding the peaks seen around the 2008 global financial crisis and the 2020 COVID‑19 shock.
The research that underpins the Index finds Companies delay investing and hiring as a result of global uncertainties.
The fear of quantum has also been expressed. persistent background narrative Nikolic says that the fear of quantum increases with price decreases, and not on its own.
“Bitcoin quantum” searches Google Trends reports that Google Trends has shown that Google Trends peaked at November 2025. Since then, Google Trends data shows that Google Trends have fallen steadily.
“It’s an amplifier of existing bearish sentiment, not a standalone driver. The “Bitcoins going to zero” search trend is likely a composite of price-crash fear + quantum existential fear + McGlone-style macro doom, all converging in the same window.”
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Source: cointelegraph.com
