[image credit : Flickr]
Google searches for Bitcoin’s upcoming halving event have been surging over the last few months, presumably as investors gain interest in the event that will cut the cryptocurrency’s inflation in half.
According to data from Google Trends, interest for the flagship cryptocurrency’s halving has been growing rapidly since mid-2018 and has already surpassed the search interest seen back in 2016, when Bitcoin underwent its second halving event. The trend was first spotted by Arcane Research, which pointed out interest is “approaching levels twice as high” as those seen in 2016.
The search volume for #bitcoin halving keeps accelerating 🚀 and is approaching levels twice as high as those seen around the previous halving in 2016 pic.twitter.com/XsZFDHZZFq
— Arcane Research (@ArcaneResearch) April 5, 2020
Interest for the cryptocurrency’s halving surged earlier this year, as the date of the event approaches. The halving will see Bitcoin’s block rewards drop from 12.5 BTC to 6.25 BTC per block. Effectively cutting its inflation in half.
