Bitcoin Price Will Rise Significantly Ahead Of The Next Bitcoin Halving

Bitcoin Price Will Rise Significantly Ahead Of The Next Bitcoin Halving
Abstract

The next halving of the halves will be on May 20, 2020. After this, the number of bitcoins produced by the extractors for block creation is reduced. This is a mechanism in which the number of bitcoins in the cycle is controlled at a specific time. Experts in the different areas of the digital world have reviewed this issue.

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The next halving of the halves will be on May 20, 2020. After this, the number of bitcoins produced by the extractors for block creation is reduced. This is a mechanism in which the number of bitcoins in the cycle is controlled at a specific time. Experts in the different areas of the digital world have reviewed this issue.

The next half bonus in 2020 and the price jump


After the bonus is halved, the number of bitcoins received by the builder for the miners will be halved. If history is a certificate for us, this could trigger a move that could trigger the movement of cows (bullish markets). Elister Millen, director of the company, believes that after the rebate is halved, price jumps will begin for the flagship of the digital currency market. in the other words:

Only 15 months or 450 days to the next half ... Nobody can wait until now, is now being priced for the next 12 months.

Milne is not the only one who has such a prediction. Director of the Department of Digital Currency, Barry Silbert, said that many microfinance investors do not realize that half the rewards will lead to higher prices. He said he had been questioned by investors for several months, and now investors have no clue about it. He says:

I guess that more than half of the investors I know in this area have not even heard the word "half", and they do not know what this process is like. This guess is based on my question from people.

In the 10-year-old bitcoin, after facing a half bonus, that month will rise in price. Some well-known analysts believe that the market is gradually moving towards a downside before confronting it by halving rewards. Analysts consider the floor price to be $ 1,000. However, Bitcoin is unlikely to have a price drop of 70%, given the fact that the next bonus is not much left to half.

Bitcoins in the missing cycles and bitcoins

When the previous bonus was reached, the total number of extracted quicksteps was nearly equal to the total number of bitcoins. However, this [is half the reward] is different. Events such as the management weakness of some currency exchanges, the loss of private keys and silent addresses that lost millions of dollars worth of dollars forever in the Chinese cell. This has significantly reduced Bitcoin's supply. According to Chainalysis, only 4 million bits of Quinn are lost in 2017. This copy has not yet released its report for the year. When this report was released, Kim Gravier, the company's senior analyst, was surprised at the amount lost by Bitcoin and expressed his opinion:

Initially, when we released our data among the people, they had different reactions. But the surprising thing I realized was that when you open up the meaning of "getting lost," the reactions are more confusing.

With the bonus half in return for making the block, it is expected that Bitcoin will drop to the lowest level in 2020, and the CCN says the bitcoin price is at its highest level to date.


Source: smartereum

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