In May 2020 we will have the 3th in history Bitcoin halving.
Every 4 years the Bitcoin mining reward is being cut in half. This is a mechanics embedded in the Blockchain to delay the Mining of all Bitcoins until year 2140, which is more than a lifetime away from today. What does does this exactly means: one the Bitcoin was released about 11 years ago the reward for mining was 50 BTC per block. In 2012 the reward was cut in half - 25. And again in 2016, it was cut once again to 12.5 BTC per block.
Now, on 14 May 2020 the reward will be cut one more time - to 6.25 BTC. What would that mean for the price of the Bitcoin?
History is telling us that some small scale of miners will in reality surrender, while the greater part will rather decide to continue mining and hold.
The first splitting happened in November 2012, when 1 BTC was going for about $11. The next year, the value started to climb significantly, arriving at another unsurpassed high of over $1,100 in 2013. The value at that point slammed down to the $220-$240 territory, where it would stay for the following years.
The following halving happened on July 9, 2016. BTC remained in the $580-700 territory for a while before gradually ascending around the year's end. Now, some in the business expect that history will repeat itself. I guess most of us recall what occurred in 2017, isn't that right?
I'm not going to try to predict what can happen - I'm not really good in that, however the history have the tendency to repeat itself.
Of course, in the past different variables were in play and that is important for the final result. My opinion is that the Halving in 2020 itself is important, but it won't have such a huge impact on the price in matter of grow as much as I expect that the price will be affected of the upcoming inevitable Mass Adoption that is going to happen soon or latter. The FIAT we are so used to, is already heavily threatened by the Crypto. Many banks are trying and starting to get into the blockchain technology one way or the other. Reason for this is, because the money(USD, Euro, Pound) does not have a real value. Once upon a time, the country's currency was covered by the financial reserve of each particular Nation. But now, the governments are printing money without any back value and more and more people are realizing that.
I am not in anyway a financial adviser, but in any case will tell you what I am doing -> HODL. I have chosen several promising projects and divided my Crypto Portfolio into them. 85% are in BTC and the rest is divided in about 10 different altcoins.
Here's a link where you can see the exact remaining time and some more stats about Bitcoin:
https://www.bitcoinblockhalf.com/
I hope you guys find it useful.