Bitcoin Halving Google Searches skyrocket! Bitcoin halving Google Searches are up 350% from the last all-time high as the world is currently facing the unprecedented economic turmoil brought forth by COVID19.
Searches for the Bitcoin Halving event reaches 100 on Google’s normalized scale. This is the highest ever value that the bitcoin halving event has ever reached. Last time that the halving happened, the search value was at 28.
The previous halving decreased the block reward from 25 BTC to 12.5 BTC. The price did run up prior to the event, but the real bull run happened months later. The last halving occurred on July 9, 2016.
Bitcoin has been flirting with the $10,000 mark for the past few days, but we are still behind Bitcoin’s all time high of nearly $20,000 per token.
Despite the recent bullish price action for Bitcoin, it and the rest of the cryptocurrency market has been stuck in a bear market for the last two and a half years. To break this, Bitcoin will have to break its previous high set in December 2017.
Interest in Bitcoin and other cryptocurrencies are natural, given how much the space has evolved and expanded in the last few years. Recent actions taken by central banks and noted players such as Paul Tudor James buying cryptocurrency probably helps too.
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