Will Bitcoin’s price rise following the halving in 2020?

In a year’s time (on May 27th 2020, unless wild swings in the mining hash rate change anything) the reward for mining new blocks on the Bitcoin blockchain will drop from 12.5 Bitcoin to 6.25 Bitcoin — and this already has people speculating about how this could affect the Bitcoin price.

A lot has changed for Bitcoin since the last Bitcoin halving, which happened on July 9th, 2016, and each time it happens no one is entirely sure how price of Bitcoin, or the cryptocurrency market will respond.

Original source
https://hackernoon.com/will-bitcoins-price-rise-following-the-halving-in-2020-4885f9dcffb0?source=rss----3a8144eabfe3---4

Add comment

Please Sign in to be able to leave comments.