Google Searches for Bitcoin Halving Break May 2020 Record

Google searches for the term “Bitcoin Halving” have achieved an all-time high, surpassing the previous record established in May 2020, when the previous event took place.

The Bitcoin halving is a hardcoded event in the Bitcoin protocol that happens every four years. The upcoming event will cause the issuance of new Bitcoin to be slowed again. Bitcoin miners, the individuals and groups who maintain and secure the network, will see their BTC payouts reduced by half.

Bitcoin Halving Events Search on Google Breaks Record

Historically, the event has been positive for Bitcoin traders and investors. After all, the available supply of BTC may decrease at a time when speculators expect demand for the asset to rise.

Searches for “Bitcoin Halving” reached an all-time high last week, according to Google Trends, despite the overall crypto market plunging by more than 30%.

For the first time in history, it surpassed the cannabis culture meme “420” as a search phrase yesterday. This is especially noteworthy given that the fourth event will take place on April 20, a date that crypto enthusiasts adore—depending on where they live.