Here is our view on what will happen with bitcoin price after the next halving. The 2020 bitcoin halving will occur in may and will result in the reduction of the block reward that is issued to miners when each bitcoin block is successfully mined.
After the 2012 bitcoin halving it took a year for bitcoin to go from 11 to 1 100 in 2013.
Bitcoin halving prediction 2020. At the moment miners receive 12 5 btc as a reward for each mined block. Bitcoin halving 2020 explained. After the halving however this reward will be cut in half to 6 25 btc per block.
Bitcoin expert nicknamed plan b suggested bitcoin price 50 000 after 2020 halving but 400 000 after 2024 halving and even three million after 2028 halving. Bitcoin halving event inspires record price predictions how the market impact of the bitcoin halving in november 2012 compared to the same event in july 2016 bitcoin charts the independent. Some people say that people are just accelerating their expectations out of positivity because they do not have an option.
If that becomes sort of truth it needs people to believe in it and it needs to be fundamentally true. The lower the reward for every block the longer the coins are mined. Halving is embedded in the source code and performs several functions.
A multilingual news and analytics website ihodl has published a very illustrative chart regarding the bitcoin price prediction for the 2020 halving. Many people are confident that bitcoin price will go to the moon after bitcoin halving 2020 but one cannot expect when that will happen. Bitcoin price and the bull run.
The first bitcoin halving occurred on november 28th 2012 when one btc was worth around 11. Ihodl bitcoin price prediction 2020. The next bitcoin halving date is on may 21 24 2020.
With bitcoin cash also due to halve its block reward next year and blockchain capital predicting onchain btc fees to hit 100 2020 may also smile kindly on bch. Limits the coins issue providing uniform issue. The last bitcoin halving took place on may 11 2020 and the next halving will likely occur in 2024 what is the halving how does it affect the price and what does it mean for miners and the.
After the 2012 bitcoin halving it took a year for bitcoin to go from 600 to 20 000 in 2017. The third bitcoin halving which is scheduled to take place in may 2020 has seen some lofty predictions on bitcoin prices. The first bitcoin halving in 2012.