{"id":406361,"date":"2019-12-06T04:00:07","date_gmt":"2019-12-06T04:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=406361"},"modified":"2024-06-11T13:34:54","modified_gmt":"2024-06-11T13:34:54","slug":"search-trends-indicate-interest-in-bitcoin-halving-building","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/search-trends-indicate-interest-in-bitcoin-halving-building\/","title":{"rendered":"Search Trends Indicate Interest in Bitcoin Halving Building"},"content":{"rendered":"

The crypto scene is pretty depressed in terms of overall interest at the moment. Markets have plummeted 50% in the latter half of this year and general attention appears to be waning. Google search trends are often a good indicator of what is hot and what is not, and Bitcoin halving is garnering more interest every day.<\/p>\n

Bitcoin Halving Hype<\/h2>\n

According to the countdown<\/a>, the Bitcoin halving is now only 160 days away. This four year event will reduce the block reward from 12.5 to 6.25 BTC and increase the premise of scarcity. In previous years there have also been large bullish market movements around the halving.<\/p>\n

It is because of this speculatory nature that interest is growing and people want to find out more. If there is a chance to make a quick buck, the masses pay attention.<\/p>\n

According to Google Trends<\/a> all crypto related searches have fallen this year except one. Bitcoin halving continues to generate interest and will do so for the next six months.<\/p>\n

\"bitcoin<\/a><\/p>\n

Searches for \u2018Bitcoin price<\/a>\u2019 have pretty much mirrored the price chart itself, peaking this year in June and falling off as BTC has done. Only the halving has generated more interest in the latter half of this year and there are a number of reasons why.<\/p>\n

At the moment there are about 289,000 bitcoins to be mined before the next halving. At today\u2019s prices that equates to around $2.1 billion, or just 1.6% of its market capitalization. Currently Bitcoin has a 3.7% inflation rate per year but after the halving this will drop to 1.8% which is below the 2% target rate set by the US Federal Reserve.<\/p>\n

Stock to flow is defined as a relationship between production and current stock that is out there. After the halving this will double which is very important for investors in terms of realized scarcity and an inability to inflate stock.<\/p>\n

Industry analysts such as \u2018PlanB\u2019 have put a lot of weight behind this stock to flow model and how prices have reacted after previous halvings.<\/p>\n

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#Bitcoin<\/a> halving .. 5 months to go \ud83d\ude80<\/p>\n

For miners: production cost of 1 btc will double<\/p>\n

For investors: stock-to-flow (unforgeable scarcity, inability to inflate stock) will double pic.twitter.com\/JWNbJyil4a<\/a><\/p>\n

— PlanB (@100trillionUSD) December 1, 2019<\/a><\/p><\/blockquote>\n