Bitcoin Halving Internet Searches Have Seriously Spiked

The bitcoin halving has got everyone on edge, and searches surrounding the term are at an all-time high.

What’s Going to Happen with the Bitcoin Halving?

Bitcoin has halved in the past, so it’s not like the event scheduled for this coming May is anything special. However, many analysts say that bitcoin’s future may ride on this single halving for several reasons, as it will likely determine whether bitcoin’s price spikes to its all-time high again. A halving means that the number of block rewards given to miners for extracting new coins and expanding the market are reduced. This is significant in that given how far bitcoin has fallen over the past few weeks in terms of its price, block rewards have already dropped for miners everywhere. When bitcoin’s price goes up, the rewards go up, and when its price is miniscule, so are miners’ returns. The coronavirus has had huge effects on both the digital and traditional markets. Bitcoin fell into the high $3,000 range, and though it has since recovered to surpass the $7,000 mark, there’s still plenty of room for improvement given the asset was trading for well over $10,000 back in February. Read More...

Antminer Banner.png