Boutique Media & consulting group
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The Bitcoin halving countdown has touched the 1-month mark with approximations pointing less than thirty days left to go. The much-awaited halving event will decrease the quantity of new Bitcoin inflowing the circulating supply by plummeting mining rewards by fifty percent. The event has activated snowballing interest as central banks’ alternative to money printing to counter the economic setback caused by the deadly coronavirus.
“Bitcoin halving price chart”, “Bitcoin halving countdown”, and “Bitcoin halving clock” are all presently trending on Google as breakout searches in the United States. “Bitcoin halving prediction”, “Bitcoin halving 2020”, and “Bitcoin halving price prediction” are all breakout searches worldwide.
As per Google Trends, St. Helena, Slovenia, Singapore, Switzerland, and the Netherlands lead the world in number of overall searches around “Bitcoin halving”.
The head of research at TradeBlock, James Todaro says,
“Following the bitcoin halving, miners’ estimated breakeven costs will rise from ~$7,000 today to ~$12,000-15,000 per BTC after. I would not be surprised if we see bitcoin prices rise above these levels so that miners remain profitable.”
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