In May 2020, the third half of Bitcoin is expected to occur. The event should reduce digital currency production by 50%. In 2012 and 2016, the Bitcoin network already supported two halves. Market participants pay careful attention to this forthcoming event to see if it works out though.
What are the gaps in the 2020 halving?
Over time, the markets of cryptocurrencies have developed. The digital currency market is extremely involved in central banks. Vayloysan is the CEO and member of the Board of Bitcoin Suisse AG. Many of these financial institutions, such as the US dollar, are developing their own digital currencies. On December 19, 2014, the Bitcoin value halved is scheduled. Since 1 December 2013, Bitcoin prices have fallen by half to $11.5 per coin since a $8.7 per coin drop in value.
How can the markets get an impact on halving?
Business experts vary on whether the halving in the markets is already priced. Many investors have prepared for the event already, so they probably have more in price than the previous ones in this particular halving. The markets for Bitcoin derivatives are one development that facilitates increased volatility. Poll participants from Reuters predicted that the event is likely to lead to more robust trading and risk profiles.