By Julmaran - 02.02.2020
Bitcoin halving event may 2020
The next bitcoin halving is likely to occur in May and could have a is an event where the reward for mining new blocks is halved, meaning miners receive. Bitcoin (BTC) halving is estimated to occur around sometime in May Bitcoin halving is an event where the block reward for mining new bitcoin is halved.
MUST WATCH Winklevoss twins on crypto: Wall Street has been asleep at the wheel Demand for bitcoin may increase as investors view it as safer than bitcoin halving event may 2020 bitcoin halving event may 2020 currencies in the time of Covid and extraordinary easing measures from the Fed and other central banks.
Legendary hedge fund manager Paul Tudor Jones has also been touting bitcoin lately as a potential hedge against inflation that could be created bitcoin halving event may 2020 central bank stimulus — much like gold.
Crypto investors also point to the fact that bitcoin prices soared in the first few months after previous halvings in and That could happen again this year, especially because of what's source in the global economy.
It's a verifiable scarce asset with predetermined and predictable supply," Sonnenshein added. But has the easy money already been made?
Still, digital currencies are incredibly volatile. Traidman said he expects bitcoin's price to eventually start rising steadily again but he is not predicting a dramatic increase over the next few months.
Simply put, bitcoin bitcoin halving event may 2020 still too speculative an asset for many investors — and the wild swings in price will limit its attractiveness.
Bitcoin is soaring as investors panic about coronavirus "The problem is that we are looking at the actions of a few speculators," said Alex Mashinsky, Click here and founder of Celsius Network, another crypto lending firm.
Others bitcoin halving event may 2020.
The volatility may also limit the allure of bitcoin as a viable currency. How can you use something as a here of payment when its price is so unstable? People will be unlikely to try to buy bitcoin halving event may 2020 at a store either a physical one or a website if the value of a bitcoin is changing so rapidly.
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