When is the 2020 Bitcoin halving?
Lot’s of bitcoin users are wondering when is the 2020 halving? Traders are excited for the price action and miners are dreading the difficulty increase. In case you didn’t know, every four years bitcoin’s reward for completing a block is cut in half. For the 2020 halving the reward will be decreased from 12.5 bitcoin per block to 6.25 bitcoin per block. According to CoinDesk.com the amount of people google searching “bitcoin halving” is surging.
So without further delay the estimated halving date (at the time of writing) is May 12, 2020. That is roughly 104 days from now. If you are reading this article closer to the date of the halving you can get an update by checking the website https://www.bitcoinblockhalf.com/. BitcoinBlockHalf has an up to date countdown as well as many other cool statistics.
No one really knows what bitcoin price will do because of extreme volatility. Now it’s time for question of the day. Do you think the price of bitcoin will increase due to the halving? Will the reduced reward constrict the supply and cause the price to increase? Let me know your opinion in the comment section below!