The next Bitcoin Halving will take place on May 20, 2020. It will be the third time that the best-known blockchain block reward will be halved. As a result, miners will earn 50% less BTC for each block generated. Experts expect this development to change the value of bitcoin. In the past, each of these events has boosted the valuation of the bitcoin market by more than a thousand percent. As a result of this development, awareness of cryptocurrencies has increased. However, few people talk about BTC and the upcoming halving.
The last halving took place in July 2016, when the BTC was worth $ 600. Looking back, we can say that this last halving was the start of the big bull run of 2017. In this bull run, the price of BTC exploded and marked a new all-record high of $ 19,783.06 . So, should investors buy bitcoin in 2020? In our view, the most interesting development regarding the upcoming halving will be the development of the price of bitcoin. If halving will have the same impact as in the past, we could see a new historic record in 2021. It is even possible that bitcoin will reach a new historic record at 10 times its current valuation.
The price of Bitcoin has given me a lot of anxiety over the years, despite never having a ton of it. Just the few I have (or at least I thought I always do – they are in an "offline" wallet. It would be worth serious money if the price soared to $ 1 million each.
Not knowing for sure what is going to happen is killing me. What if John McAfee was right about it and I hadn't invested all the money I could? Then I'm going to sit over there and swear and curse in 2021 … But on the other hand, it's like madness to plow my meager savings for these ultra-expensive Bitcoins ( from a buyer's perspective) …