When is the Bitcoin halving in 2020? BTC third halving expected market forecast

Time:2021-12-26 Source: 978 views Trending Copy share

When is the Bitcoin halving in 2020? Expected market forecast for the third BTC halving. Bitcoin production will be halved in 2020. This will be a key factor affecting the price of Bitcoin. When is the 2020 Bitcoin halving? When is the 2020 Bitcoin halving? What will happen to the Bitcoin halving in 2020? Today, I will bring you Bitcoin 2020 price forecast, Bitcoin price 2020 forecast, 2020 Bitcoin market, 2020 Bitcoin price analysis, 2020 Bitcoin production reduction market trend forecast, I hope it will be helpful for everyone to hold Bitcoin BTC!

The next cycle: market trends are also life-saving. There are two bull markets in Bitcoin history. The farewell is: November 2011 to January 2014 October 2015 to December 2017 The ultra-long bear market cycle is: November to October 2013, two long-term bull markets, the central separation, two production reduction Half, the departure time is November 28th, 2012, July 2016. The halving of production spurs these two big bull markets

The next production halving will be May 25, 2020. The interval is 1 year, October 15 days.
When is the Bitcoin halving in 2020? BTC third halving expected market forecast

The mining prize for each block is now 12.5 bitcoins, which means that after May 25, 2020, each block will receive 6.25 bitcoins.

Can the increase in production in 2020 become an important factor in saving Bitcoin? The people listed in the previous bear market, Erbao, Li Xiaolai and others, initially mastered 2017. In the new round of bear market, you can also become the next two treasures.

So far, many Bitcoin enthusiasts are trying to make realistic predictions about Bitcoin in the next few years.

According to analyst Ronnie Moas, the value of Bitcoin will be between $15,000 and $20,000 by the end of 2020. There is also an independent view that the price of each bitcoin is $1 million. These predictions seem a bit outrageous and completely impossible.

With the activation of the SegWit protocol and the early testing of the Lightning Network supported by SegWit, the Bitcoin market is gradually approaching the capitalization of US$80 billion. Bitcoin's current market capitalization accounts for about 50% of the entire crypto market and currently exceeds 1% of the estimated 7 trillion dollars in the gold market. Bitcoin is almost half of Visa's $20 billion market capitalization.
When is the Bitcoin halving in 2020? BTC third halving expected market forecast

Bitcoin's daily transaction data has been steadily increasing. According to Coinmarketcap, the daily transaction volume of Bitcoin is approximately 400,000, and only 1,728 Bitcoins are created through mining every day.

Bitcoin price prediction:

By 2020, the number of bitcoins mined every day will drop to 864. After 2024, it will be halved, and only 432 new bitcoins will be produced every day. Around 2032, nearly 99% of Bitcoin (20,671,875) will be mined. After this, people will try to get the remaining 1.6% in the next 100 years. To some extent, people may realize that almost all existing bitcoins have been mined, and the number of bitcoins is far from enough. When this happens, there is likely to be a serious "fear of missing" and the price will rise accordingly. If the price continues to rise this year (the price of Bitcoin was US$689.80 at the beginning of July last year), by 2020, the price of Bitcoin will reach around US$20,000.

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