Hello everyone and welcome for this first fundamental analysis.
Today I will give you all the reasons to explain why halving could be the major element that will propel the price of Bitcoin to new historical records
- 1- What is the Bitcoin Halving ?
Bitcoin Halving is the event where the number of generated Bitcoin rewards per block will be halved (divided by 2).
The total number of Bitcoin mined by miners per block will reduce from 12.5 to 6.25 BTC in the next bitcoin halving.
The number of bitcoin found per block will become more scarce and this halving reward ensures that bitcoin total supply will reach 21 million.
- 2- When will the Bitcoin Halving take place ?
It will take place this year and more specifically in May, even though we do not know the exact date, as it depends on the Bitcoins mined.
You can therefore see the countdown thanks to the first link in the Ressources.
- 3-Why is this event really important ?
We said earlier that the halving will reduce the number of bitcoins per block, limiting its total supply at 21 million. The cryptomarket follows the "supply and demand" model, which means that if there is less offer for a high demande, then the price will rise. Here is the graphic from Google trends showing the interest based on the researches made from the USA. There's a high correlation between the BTC price and this graphic, meaning that the demand is not going to stop there.
Also, one of the major points is that every halving has been a decisive help for its price (look at the graphic below)
These are exceptionnal rises and the last record high has been made in the 12 months after the 2nd halving. It is now time to accumulate some BTC before the price is going to the moon !
I hope you enjoyed this point of view, let us know what are your impressions about the halving and tell us what will be the price of BTC at the end of 2020
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