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In January, Bitcoin found a support level of $ 3500 (R $ 12,800), but is it the lowest value or still
Bitcoin has a limited stock limited to 21 million coins, so that it is impossible for a government to print more money when it comes to bitcoin. A new currency can be manufactured beyond the limit of 21 million. This allows the main cryptocurrency market to be less inflationary than the annual inflation rate controlled by central banks, which generally grow by about 2%.
When Bitcoin was created on January 3, 2009, it was developed to release 50 bitcoins. every 10 minutes for minors.
Every four years, the amount of coins given to minors drops by half. Then, on November 28, 2012, the gain fell from 50 to 25. Then, on July 9, 2016, it fell to 12.5 coins every 10 minutes.
Why is it important?
The next half division event will take place on May 25, 2020.
The value of the miners' reward will be further reduced. It means a reduction in supply and we know that when the supply goes down, prices go up.
In both cases, the reward for minors decreased the price of bitcoin has increased significantly the previous year.
When we combine this with the fact that the crypto-room infrastructure is projected at a fast pace, Bakkt becoming more and more relevant, the future seems to be an economic environment characterized by a supply constraint and an increase in demand.
We still have a few months left and we will probably see a downward pressure on prices, testing the $ 3200 bar before things change, but the end
Unfortunately, many projects were barely manage the funds raised in the country offices, resulting in project stagnation. Without money, most of these projects will cease to exist, causing disgust to their investors.
However, well-executed projects will pave the way for the future and will not only survive the last recession, but will exceed previous records.
Appeared originally on NullTX
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