For Immediate Release
Interest in Bitcoin Halving Grows By 669%, as Event Approaches
OpinePR 🎯 - Data compiled by Finbold.com shows that global interest in Bitcoin halving has surged by a staggering 669% over the last one year. The data points out that noticeable interest in the event began during the second week of March 2020.
Interest to profit from Bitcoin halving
By the first week of last month, the event had a popularity score of 64 which later dropped slightly to 43 the following week. From then, the popularity of Bitcoin halving has been growing from the third week of March when the score was 56 and later 74.
In the first week of this month, the searches had attained the peak popularity of 100, a growth of about 35% from the previous week. During a similar period last year, the popularity score stood at 5, the lowest point over the last year.
The rising interest in searches suggest that the halving hype and fear of missing out (FOMO) due to an impact on prices.
During the upcoming halving slated for May, the number of generated Bitcoin rewards per block will be halved. With the halving, the 12.5 coin reward mined for every Bitcoin block will drop to 6.25 coins. That will reduce the asset’s inflation rate by 50%. The report notes that:
“...Hence, various investors agree that the halving event will push BTC price higher since decreased supply mostly boosts the price.”
The data further shows that Swiss nationals are more interested in the Bitcoin Halving as searches originating from the country have hit the peak popularity score of 100 over the last 12 months.
Other countries with more interest in the subject include Netherlands (84), Estonia (84), Slovenia (73), Singapore (72), Luxembourg (72), St Helena (69), Venezuela (61), Cyprus (58), and Austria (56).
Find the full report and charts here: https://finbold.com/interest-in-bitcoin-halving-grows-by-669-as-event-approaches/
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