how many will be cost bitcoin after halving: Danny Scott knows the answer
Bitcoin value will increase after halving, considers expert
BTC may exceed February highs
History Proves Halving Affects Bitcoin’s Value
Third halving: Bitcoin halving cuts number new coins created and earned by miners in two times. This happens approximately every four years and… More bitcoin over 11 years of history will not have an impact only for cryptocurrency mining, which will change by dividing in two, but also for the entire crypto market as a whole. Firstly, not only will the reward for the mined block decrease, but the block generation rate will also decrease. Today 18 million. MTC out of 21 million. planned already mined. This means that with each coin issued, the value of bitcoin should increase, and cryptocurrency can be considered a scarce asset. Based on this logic, price crypto coins should increase significantly after halvinga.
Why do you need halving
Halving actually controls and limits the release of coins, which by itself affects the value of the cryptoasset. In fact, halving is to counteract coin inflation, keeping the coin’s value high on market. Himself bitcoin, as a payment asset, just was created in response to the financial crisis 2007-2008 years, when inflation took over the world economy and fiat money began to lose their value before our eyes. Most countries managed to take control of this process and ensure the value of their currency, but some countries So and not came out from the crisis 12 years ago. For example, Venezuela, where the fiat currency Bolivar is rapidly falling, and the average salary in the country is $ 9.5 or 637.5 rubles.
How much will BTC cost after halving
On today’s day there are no unambiguous forecasts of how the price of MTC will change after the halving. Some crypto experts are confident that the value of the coin will go up and reach February highs of $ 10,000. Topics more, what now bitcoin is winning back its positions and is rapidly growing in price. Over the week, the crypto coin has risen in price by about 10%. In many ways this contributed to the high activity of buyers. In particular, the unstable situation in world markets is forcing investors change their portfolios and start investing in scarce assets – gold and bitcoin. Also BeInCrypto reported that so far Russians are going to save on the purchase of cryptocurrency, the Americans are massively buying up BTC for incentive checks in the amount of $ 1200.
Crypto enthusiasts are confident that the approaching halving will wake the bulls, which will be able to maintain prices at the current level or stimulate them growth increased demand for military-technical cooperation. Danny Scott, CEO of British company storage and exchange of CoinCorner cryptocurrency. In an interview with the Independent, he stated, that holding halvings always accompanied by an increase in the value of the coin. It was, eg, in 2017, so the probability is high Togo, what coin will strengthen again in price. By opinion Scott, after halving, the cost of bitcoin will rise to $ 20 000 a piece. All factors point to this.
However, there are other assumptions in the crypto community. In particular, crypto expert Peter Brandt believes that bitcoin will drop to the $ 1000 mark.
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