Searches for the term “Bitcoin halving” on Google hit an all-time high, surpassing the previous record set during the May 2020 halving. Interest in the Bitcoin network halving is higher than ever, according to data from Google Trends, which measures the relative popularity of key phrases on a scale of 100.
Interest in the term has been steadily increasing since the beginning of 2024, along with search interest for the phrase “Bitcoin” (still below the 2017 peak in terms of search interest). This month’s increased interest is noteworthy given that Bitcoin (BTC)’s recent rally has stalled, including this week’s turmoil, and it has fallen from a high of about $70,000 last Friday to $63,000 today. worth it.
Less than 60 blocks away, the fourth Bitcoin halving will see the number of Bitcoins paid out as block rewards to miners halved from the current 6.25 BTC to 3.125 BTC. This particular halving helped reignite interest in Bitcoin as a developer ecosystem, home-based the US mining industry following China’s ban, and revitalized a (currently languishing) market. It’s noteworthy for a number of reasons, including the recent launch of the Spot Bitcoin ETF. Larry.
“This is the first halving that a major US asset manager is educating about Bitcoin, and there is no better Bitcoin education than learning about halving. It’s a once-a-year market moment, then a supply event, and I think both aspects will have an impact,” Alex Thorne, head of research at Galaxy Digital, told CoinDesk via email.
Fund managers aren’t the only ones having fun though. As first reported by Decrypt, search frequency for “Bitcoin halving” has exceeded cannabis culture meme number “420” for the first time in its history. This is especially noteworthy since the halving was originally scheduled to coincide with the April 20th holiday known for its cannabis-related festivities, but is now likely to fall on Friday night.
