Historical data show that after each halving, the price for Bitcoin increased significantly, and this time we can expect that it will reach 100 000 dollars.
Next May A Third Reduction Is Coming BTC in the form of a reward for miners for each new block, the figure will be halved. This means that half the number of bitcoins will be released, making Bitcoin a more scarce digital asset than before.
This was added to the Bitcoin algorithm by the creator (s) to prevent any inflation regarding BTC. In a recent U.Today interview, crypto promoter and US presidential candidate John McAfee called Bitcoin the first deflationary coin since 7 million BTCs were lost forever.
All eyes on 2020 - $100 after halving?
Crypto enthusiast Crypto Einstein (@BitcoinEinstein) with nearly 40 000 Twitter followers has posted a chart showing the rise in Bitcoin price after each halving (every four years).
The graph confirms that the attraction that Bitcoin hit at the end of December of the 2017 year was largely due to the fact that a year earlier there was a halving.
Bitcoin halving history 😱
History always repeat itself. pic.twitter.com/Dug0iyseze
- Crypto Einstein (@BitcoinEinstein) November 30, 2019
Some believe that after the upcoming reduction in rewards to miners, the system may fall, as many miners can abandon their business and leave.
However, many are confident that the price of BTC will rise due to halving, rising US debt and new QE programs in the future.
In accordance with the chart above, this time we can expect that the price of bitcoin will reach a record high of 100 000 dollars. The chart claims that the fourth and final reduction will double the price of Bitcoin to 300 000 dollars.
Insider: According to the analyst, Bitcoin could grow to 14 000 dollars to halve.
$13 is a closer target
At the time of publication, Bitcoin is sitting on $ 7 752. The cryptanalyst believes that the price may rise to 13 000 dollars after it has been bargained for several months unchanged.
Some also predict a bearish reversal in the near future, saying bitcoin could fall to $ 6300.