The Next Bitcoin Halving Is Nearly 500 Days in Sight: How Will It Influence BTC’s Future Price?

2018-12-20 19:26

In less than 500 days, Bitcoin halving is going to take place. The rewards per block will cut by half, something that can have an important impact on the price of the most popular virtual currency.

Back in 2017, Bitcoin reached an all-time high of $20,000. However, during 2018, Bitcoin (BTC) lost more than 80% of its price. Now, users and investors are wondering when the price will start to grow and which will be the impact that Bitcoin’s halving will have.

According to the Blockchain Entrepreneur called the Crypto King, major pumps tend to happen a few months after the halving. This happened back in 2016 and in 2013. After the halving, Bitcoin price reached new highs, close to $1,000 in 2013 and $20,000 in 2017.

Before each of the halvings, the price of Bitcoin tends to go upwards. However, after each halving, Bitcoin’s price skyrockets.

There will be other catalysts for Bitcoins’ price to start growing again. For example, during the next year, it is expected for institutions to enter the market. There are some firms releasing crypto-related services for institutions. The Bakkt platform is just one of the examples. Fidelity Investment is also working on something similar for institutions.

After the new Bitcoin halving in 2020, the reward of each block will decrease to 6.25 BTC. Now it is 12 BTC per block. Miners will have to sell fewer Bitcoins for an increased number of investors and users. This is clearly something bullish. Inflation rates are reduced during an increase of demand for the asset.

There are some experts that believe that Bitcoin could reach between $250,000 and $1,000,000 in the coming years after the halving. Some of the most bullish analysts are Tim Draper or John McAfee.

Currently, Bitcoin was able to recover from what could probably have been a bottom. It is being traded close to $4,150 after reaching $3,250 earlier this month.

origin »

Bitcoin (BTC) на Currencies.ru

$ 83044.59 (-0.01%)
Объем 24H $55.34b
Изменеия 24h: 4.70 %, 7d: -5.39 %
Cегодня L: $82789.04 - H: $83265.49
Капитализация $1647.233b Rank 1
Цена в час новости $ 3900.12 (2029.28%)

bitcoin btc price 500 halving days virtual

bitcoin btc → Результатов: 126


Фото:

El Salvador Buys The Dip Scooping Up 5 BTC — Despite IMF Pressure To Back Off Bitcoin

El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]

2025-3-5 21:15


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51