Google has unexpectedly added the bitcoin symbol to the iOS version of the Google keyboard. It is surprising that a company like Google adds the symbol, and it is therefore not clear whether this is a signal of something bigger.
It is unclear why Google added the symbol to the iOS version of the keyboard, the symbol can not be found on the Android version. The symbol is now in the list with the symbols of the dollar, euro, yen, pound, the Korean won, Russian ruble and the Indian rupee.
The addition of the bitcoin symbol can be seen as somewhat ironic, since the AI (artificial intelligence) of Google describes bitcoin (BTC) as “a cracked economic bubble”. However, in the period between 2012 and 2017, Google was one of the most active investors in blockchain technology.
One reason that the big company added the symbol may be that last year according to Google Trends “What is bitcoin?” The most was searched through the search engine in the United States and the United Kingdom.
Some think that this news is a sign that Google is starting to take cryptocurrency more seriously. It is unlikely that Google will actually enter the crypto industry. The co-founder of the parent company of Google, Alphabet, said last year “not very much to know about crypto”. However, the company has a greater impact on the crypto market than many would think.
When Google announced in 2018 that it was going to ban crypto advertisements just like Facebook, the bitcoin price fell by 11%. These measures have now been partially reversed, but it is clear that the company has considerable influence on the market.
Or ultimately Android users can also find the symbol on their keyboard is not known. At the moment it remains a mystery why Google decided to do this.