Why is it said that the record high Google search trend for "Bitcoin halving" will boost Bitcoin prices?

One of the most important cryptocurrency events of the year, the 2020 Bitcoin block reward halving is fast approaching. In fact, estimates based on blockchain data suggest that this key event will occur in just 30 days.
This will cut the number of bitcoins issued per block in half, hence the nickname “halving,” an event that will result in an immediate 50% drop in the leading cryptocurrency’s inflation rate.
The upcoming halving has not gone unnoticed, with data from Google Trends showing that interest in the term “Bitcoin halving” is surging to all-time highs.
Search volume for "Bitcoin halving" hits record high According to Google Trends data on April 14, as the event approaches, U.S. Google users searched for the term "Bitcoin halving" more times than ever before last month, presumably in an effort by the public to learn more about the event. Google expects the number of searches for the term to double next month.
Data from global Google users shows a similar trend, which also suggests that interest in “Bitcoin halving” is about to reach an all-time high.

Google Trends Chart

Google Trends finds interest in a term by scoring the search volume for that term on a scale from 0 to 100, with 100 being the highest volume of interest for that term in a given region and timeframe. So the chart above shows that demand for the term “Bitcoin halving” is now three times what it was in 2016.
Notably, interest in the term “halving” experienced similar interest, but as it is a common public term, it did not involve data regarding Bitcoin’s halving.
How it will drive the cryptocurrency market There is a slight correlation between Bitcoin’s performance and the keyword’s Google Trends score, although the Black Thursday crash in March disrupted the correlation.
That is, in the week of December 8, when BTC fell to the bottom of $6,400, investor interest in the keyword began to pick up, and then there was a peak in the week of February 15, very close to the top of $10,500. In addition, since the "Black Thursday" crash on March 12, people's interest in "halving" has doubled, and at the same time, the price of Bitcoin and other cryptocurrencies has risen by 100%.
The chart below shows this potential correlation, with the red dots indicating where Bitcoin price bottomed.

Google Trends Chart

Continued growth in interest in this event, combined with the persistence of this correlation, would suggest Bitcoin is poised to move further higher in the weeks ahead.
In addition, from a fundamental perspective, the halving of Bitcoin block rewards is an expected event that will boost Bitcoin's value proposition. The econometric model of cryptocurrency analyst PlanB shows that the fair value of BTC will rise to $50,000 to $100,000 after the event. (Baijiahao)