- Google Trends data indicates that interest in "Bitcoin Halving" has hit a record high, surpassing levels from the last event in May 2020.
- Amidst growing curiosity about Bitcoin halving, concerns over future mining profitability have led to declining Bitcoin mining stocks.
Bitcoin halving is almost here and the crypto world is buzzing. In fact, Google Trends suggest that this upcoming Bitcoin halving is attracting more attention than any previous ones.
Searches interest for "Bitcoin Halving" on Google have hit a record high, surpassing the peak interest seen in May 2020 during the last halving event.
Google Trends notes that a value of 100 translates to “peak popularity” for a term. And currently, the search interest score for ‘Bitcoin halving’ is 45, with Google predicting it to reach an estimated score of 100 by the end of this month.
For those unaware of the Bitcoin halving, it refers to the event when the rewards paid to miners are halved. This year, the rewards will decrease from 6.25 BTC to 3.125 BTC. According to Cointelegraph, the halving is expected around 4 am UTC on April 20.
Meanwhile, concerns about the profitability of the Bitcoin mining sector after the cryptocurrency halves its rewards have caused a decline in Bitcoin mining stocks in the United States and other countries.
Edited by Harshajit Sarmah
