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Searches for Bitcoin Halving Peak on Google Trends
Summary: Google Trends is witnessing the highest search number for “bitcoin halving” over the past 12 months, as the third event will occur this May, according to CoinDesk.
Google Trends is witnessing the highest search number for “bitcoin halving” over the past 12 months, as the third event will occur this May, according to CoinDesk. Bitcoin halving refers to a 50% reduction in the reward per block mined on the blockchain of bitcoin (number of bitcoins entering circulation per 10 minutes). The process happens every four years. The current block rewards lands at 12.5 BTC, and after the event, it will decrease to 6.25 BTC.
Bitcoin halving usually brings a boost in the value of the currency as the number of bitcoin supply drops, whereas the demand for the tokens does not. Possibility of a bull market has raised retail interest, addressed by Mike Alfred, CEO of Digital Assets Data.
By Dawn Wu
Tags: Bitcoin (BTC),Halving
Link: Searches for Bitcoin Halving Peak on Google Trends [Copy]
