Bitcoin Halving Interest Dwarfs 2016 Halving as Bitcoin Surges
Summary
- Bitcoin halving searches are 3 times as much as the ATH prior to the 2016 halving
- The Bitcoin halving is scheduled to occur in less than 72 hours
With the highly anticipated Bitcoin halving less than 72 hours away interest in the halving is reaching unprecedented levels.
According to Google Trends, searches for the term “Bitcoin Halving” reached an all-time high during the 2016 Bitcoin halving. However, the upcoming halving has smashed records, garnering more than 3 times the searches during the last halving.
The Crypto Associate reported on the same topic a month ago. Even back then, Bitcoin search trends were about to surpass 2016 levels despite being a month away from the halving.
The rapid increase in Bitcoin halving interest can be attributed to the 2017 bull-run. Back in 2016, before Bitcoin’s bull-run many mainstream news outlets, like Yahoo Finance, covered the halving. Following the 2017 bull-run Bitcoin gained traction and awareness. Despite the price correction, Bitcoin and blockchain adoption has been continually increasing. Thus, interest this time around is far greater than the prior halving.
Bitcoin Surges
As the halving nears, Bitcoin prices have been surging. The popular cryptocurrency has just cleared the psychological $10,000 mark. Bitcoin is now up 36% from just two weeks ago.
Bitcoin mining hashrate has also reached an all-time high as miners hop onto the Bitcoin network. With the increase in price and the 12.5 BTC block reward, Bitcoin mining is becoming profitable for many. However, following the halving, the block reward will drop to 6.25 BTC, which will result in many miners leaving the network due to decreased profitability.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer
