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Google searches for “Bitcoin Halving” exceed 4/20
Google searches for the term “Bitcoin Halving” have reached an all-time high, surpassing the previous record set during the last halving in May 2020. According to Google Trends datawhich uses a 100-point scale to determine the relative popularity of key phrases, there is more interest than ever in the Bitcoin network halving.
Interest in the term has increased steadily since early 2024, along with search interest in the phrase “Bitcoin” (which is still below the 2017 peak in terms of research interest). This month’s increase in interest is notable considering that of bitcoin (BTC) The recent rally has stalled, including this week’s turbulence, which has seen it fall from a high of around $70,000 last Friday to $63,000 today.
Less than 60 blocks away, Bitcoin’s fourth 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 is noteworthy for a number of reasons, including the growing interest in Bitcoin an ecosystem of developersthe onshoring of US mining industry following China’s ban and the relatively recent launch of spot ETF on Bitcoin this helped trigger a market rally (now in decline).
“This is the first halving where major U.S. asset managers are training on Bitcoin, and there is no better training on Bitcoin than learning about the halving. This is first and foremost a narrative event – a four-year market moment – and in second location of a bidding event, although I think both aspects will have an impact,” said Alex Thorn, head of research at Galaxy Digital. he told CoinDesk Via e-mail.
But it’s not just fund managers who are having fun. How to Decrypt initially reportedsearch frequency for “halving Bitcoin” has surpassed cannabis culture meme number “420” for the first time in its history. This is especially notable because the halving was initially scheduled to coincide with the April 20 holiday, known for its cannabis-oriented celebrations, although it is now likely to occur on Friday evening.