Google Searches for “Bitcoin Halving” Skyrocket
The term “Bitcoin halving” went from 20% (in the approval period of Bitcoin spot ETFs) to 72% between the week of April 7 and 13. Google Trends showed that the top 5 countries that lead searches for “Bitcoin halving” are: El Salvador, Venezuela, Cuba, Argentina and Spain. Latin America is the region most interested in the details of the “Bitcoin halving”, although it did not generate enough interest in countries in Asia or Africa.
The Bitcoin halving adds to the latest positive developments on BTC in recent months, such as the cryptocurrency market rally or the approval of spot Bitcoin exchange-traded funds (ETFs). The term “Bitcoin halving” has become an Internet trend, even in Google searches.
This important event will take place on April 19 or 20, 2024 and in the last month, searches for the term “Bitcoin halving” on Google have skyrocketed to levels never seen before, going from 20% (in the period of approval of Bitcoin spot ETFs) to 72% between April 7 and April 13.
“Bitcoin Halving” Beats the Olympic Games in Google Searches
Bitcoin is a trend throughout the world, as if it were the Paris 2024 Olympic Games, whose global interest has gone from 11%, at the beginning of the year, to 57%, between April 7 and April 13.
The term “Bitcoin halving” has a clear tendency to reach 100%, that is, searches skyrocket enough to go from 72% to 100%, which could happen on the same day as the halving, scheduled for April 19.
The top 5 countries that lead the searches for the “Bitcoin halving” are: El Salvador, Venezuela, Cuba, Argentina and Spain, with 100% in the first two countries, 85%, 71% and 57%, respectively. They are followed by Uruguay, Panama, Puerto Rico, Colombia and Chile (between 28% and 42%).
“Bitcoin Halving” Generates Expectations Around the World
Countries such as Ecuador, Netherlands, Peru, Mexico, Dominican Republic, Bolivia, Guatemala, Costa Rica, Brazil, Portugal are added to the top 30. These last Latin American countries (except Portugal and the Netherlands) have a Google search percentage of between 14% and 28%.
Meanwhile, the countries with the least interest in searches for the “Bitcoin halving” on Google are: Belgium, France, Switzerland, Romania, Canada, Turkey, United States, Germany, United Kingdom and Italy. The latter have a search percentage that ranges between 1% and 14%.
“Bitcoin Halving” Could Increase Google Searches by 100%
The hype that Bitcoin has generated has occurred since the recent cryptocurrency rally, accompanied by the FOMO generated by memecoins, altcoins and the Bitcoin spot ETF. However, BTC operates with losses of 13.19% in the last week, at 61.097%, according to data from CoinMarketCap.
A few days ago, media outlet reported that El Salvador, Nigeria, Switzerland, Liechtenstein and Austria are the nations with the greatest interest and searches for “Bitcoin” on Google. In the last 15 years, cryptocurrency has come a long way: from being described as a financial pyramid, to being declared “dead” hundreds of times.
In the early hours of April 18, the halving clock marked 1 day and 23 hours until it happens, while it adjusted the date again to April 20. The halving reduces the amount of new BTC generated per block, as detailed by BiTBO:
“In 2012, the number of new bitcoins issued every 10 minutes fell from 50 bitcoins to 25. In 2016, it fell from 25 to 12.5. Now, at the 2020 halving, it will fall from 12.5 to 6.25.”
By Leonardo Perez