Google has recorded an increase in search queries for the upcoming Bitcoin halving event. This increase is attributed to the expectation that Bitcoin’s price will surge and inflation will also halve.
Per Google Trends information, an increase in the halving event has been steady since 2018, especially when compared with the volume of search queries at the time of Bitcoin’s second halving in 2016. Although this was noted by Google Trends, Arcane Research had pointed this out before. The company noted that the increase in Bitcoin’s search volume is accelerating and approaching 100% in comparison to the 2016 search that preceded the second halving event.
Because of the figures, some believe that the Bitcoin market will boom post-halving, leading to a spike in its price. Demand is expected to increase which should, in turn, spike prices.
Binance CEO Changpeng Zhao mentioned in an interview with BLOCKTV.
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