Cryptocurrency
Bitcoin’s Halving Captures Growing Interest – Among Google Searchers
As reported on CoinDesk, “Bitcoin traders are split on whether the cryptocurrency’s once-every-four-years ‘halving’ will jolt prices toward 2017’s all-time-high near $20,000 or multiples of that. “What’s clear is interest in the topic is surging on Google, according to a report from the Norwegian cryptocurrency analysis firm Arcane Research. “The search engine’s Google Trends feature shows queries […]
As reported on CoinDesk, “Bitcoin traders are split on whether the cryptocurrency’s once-every-four-years ‘halving’ will jolt prices toward 2017’s all-time-high near $20,000 or multiples of that.
“What’s clear is interest in the topic is surging on Google, according to a report from the Norwegian cryptocurrency analysis firm Arcane Research.
“The search engine’s Google Trends feature shows queries on the term ‘bitcoin halving’ have doubled this month from December levels to the highest since the last such event in 2016.
“According to Arcane Research, the increasing number of Google searches is a sign the halving might be capturing greater public interest as a potential catalyst for higher prices in 2020.
“‘The bitcoin halving is gaining more traction,’ Arcane said Friday in the report. ‘There is now a clear indication that awareness of the concept is spreading to new people.’
“Google Trends doesn’t disclose the actual number of searches on ‘bitcoin halving’ but does publish data showing the search term registered a reading of 35 during the week ended Jan. 19, up from an average 15 during the month of December. The scale is normalized so that a reading of 100 represents the peak of a particular search term’s popularity.
“For ‘bitcoin halving,’ that happened in 2016, when the last such event occurred. Bitcoin prices doubled that year and surged by 13 times in 2017…”