Bitcoin has recently been turning heads and anyone who has the slightest idea about what cryptocurrencies are, have a watchful eye on the flagship crypto coin now. 2019 was not a great year for Bitcoin but it still managed to outperform all cryptocurrencies and even shot past major traditional assets like gold. The growing popularity of bitcoin has been fuelled by the growth of the entire industry over the years along with the massive gains that the asset has given.

Recently, bitcoin is drawing a lot of attention due to upcoming reward halving in May. When the halving takes place, the leading cryptocurrency will have an inflation rate of 1.8%, less than that of gold and US Dollars. Theoretically, lowering supply and increasing demand should push the price of any asset.

Halvings are often associated with huge profits and as of now the community is divided among those that think the bitcoin halving is already priced in, and those that believe that the potential of the halving is much greater. On this matter, a CNBC panel had a bullish discussion about bitcoin and the upcoming halving.

The popular show on CNBC dubbed “Fast Money” hosted five panelists who were extremely bullish about Bitcoin. The panelists managed to cover every popular bullish topic for Bitcoin in less than two minutes. Included in that, was a brief discussion about the impacts of the upcoming Bitcoin halving.

Rising interest

Throughout the start of 2020, bitcoin’s price has been a trending search term on Google. As previously reported by The Daily Chain, bitcoin searches saw an impressive 33 percent spike earlier in February. This was mostly predicated on the news of the coin crossing the $10,000 mark.

Google searches for the term “Bitcoin halving” also spiked last week. The seven day period during which the CNBC show aired saw interest in the term rise to half of what it was during the actual week of the 2016 halving.

Mainstream media outlets with Bitcoin segments, where the halving being priced in or not is a discussion topic. pic.twitter.com/VHXZjETWMS — Rooftop Kulak, Trespass And Find Out (@StopAndDecrypt) February 20, 2020

Excluding the 2016 spike, Google interest is currently close to the highest it has ever been. This interest can help boost Bitcoin as people’s interest in Bitcoin often turns into an investment because the interest is usually when the price is on the rise.

Technicals are strong

Earlier this week, a golden cross was also formed on BTC’s daily chart which is known to be a bullish sign considering the fact that last time this happened, BTC jumper 170% in 2 months. Analysts believe that the sentiment is finally shifting in favour of the bulls.

Overall, it looks like bitcoin is ready for a massive year ahead. CNBC just showed millions of users what bitcoin is, and this is exactly what the industry needs right now.

