Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ Weiss Ratings Expects ‘Massive Crypto Superboom’

In lower than two weeks, the Bitcoin block reward halving will happen and BTC miners will obtain half the reward going ahead after Could 12. Since ‘Black Thursday’ (March 12), bitcoin costs have gained 103% since then rising from $three,800 to $7,750 per coin. With the halving quick approaching, many cryptocurrency proponents imagine the occasion will create vital demand for the digital asset bringing the worth again to all-time-highs.

The Nice Bitcoin Halving

One of the crucial anticipated occasions in Bitcoin historical past is going down on or round Could 12, 2020. The occasion is known as the “Bitcoin Halving,” and it signifies that the block reward miners obtain for locating blocks on the BTC chain will see the reward slashed in half. When the BTC community first launched, miners obtained 50 BTC per block discovered, and in 2012 that reward modified to 25 cash per block. Then in July 2016, miners noticed the second halving, which noticed rewards lower in half from 25…

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