Zack Voell from Blockstream saw the Google search for the term „Bitcoin-Halving“ reach a new record. The closer the long-awaited event gets, the more public interest seems to increase, which will take place in 28 days.
The second halving, which took place in July 2016, reduced the block reward of Bitcoin from 25 BTC to 12.5 BTC. Although the event took place long before the big crypto bubble at the end of 2017, it managed to attract a lot of mainstream interest at that time, which even media such as TechCrunch and Yahoo Finance reported on.
Regardless of whether one thinks that the block reward reduction will not be as great an event in 2020 as many had expected, and therefore a rocket launch will not happen at all, the Google search results definitely show that the interest is definitely there.
This search result also corresponded to the increase in requests for the keyword „buy Bitcoin“, which occurred after the price was halved in March.
While the fourth era of Bitcoin is almost upon us, many are asking the million-dollar question of whether or not forward-looking investors have already priced in the anticipated event, which was programmed in the Bitcoin protocol by the well-known creator Satoshi Nakamoto.
The most obvious answer would be yes, but that would mean that the miners‘ annual revenues would be halved, which would also mean that the price would need to catch up in order to keep the miners afloat due to their running costs.
The price after halving in 2016 rose by more than 4,000 percent.