With Bitcoin halving edges closer, the world’s largest cryptocurrency is currently tapping at over $7500 against USD. It appears that the excitement for bitcoin halving has spiked overnight on social media, Twitter and Google.

At the time of reporting this, bitcoin is changing hands with 6.46 percent, with the trading value being $7569 against the US Dollar. Nevertheless, the market capitalization of bitcoin counts at $138,851,386,177. It’s worth noting that the other tokens on the graph of the market chart are showing a green mark too, with Ethereum surging by 3.61 percent and XRP climbing by a similar ratio. Bitcoin Cash (BCH) is trying to keep up with 4.16 percent price change too.

The fact that the Bitcoin halving event is away from less than three weeks has become the center point of conversation on social networking sites. In fact, the survey gathered as per the crypto social sentiment analysis firm, TheTIE discussion pointing to bitcoin stands on second while the halving ranks at the ninth most discussed topic. The firm also highlighted that the publications "started to cover the BTC halving significantly more” 

Despite COVID-19 overtaking every crucial point of discussion during March, the halving discussion this month took the lead. Concerning the same, Joshua Frank, the TIE co-founder says:

“What we can see that beginning in March Coronavirus became the dominant narrative mentioned alongside Bitcoin, but more recently mentions of the Coronavirus have started to fall as the Halving has started to gain a ton of momentum.”

In the latest report, global macro investor, Raoul Pal notes that the value of crowning cryptocurrency, Bitcoin may hit $1 million in the next five years. As per Pal’s opinion, BTC indicates the “future of the financial system”. Meanwhile, he also states that the price of gold can also witness a five-fold over a similar period. 

So readers, considering the having, what do you think the value of Bitcoin will be in the near future? Do you think the upcoming halving will witness another bull run?