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Bitcoin, which is now hovering around $ 7,500 after a pound sterling that has seen the price boom of bitcoin, has been traded sideways over the past two weeks, as the market is dealing with what has become the new normality.
The price of bitcoin has almost doubled to 2019, and bitcoin bulls are already looking for the next catalyst to raise the price.
Now with the so-called closely watched Bitcoin Healing Event, where the number of bitcoins allocated to miners for the exploitation of new bitcoin blocks will increase from 12.5 bitcoins to 6.25 bitcoins, in just one year, some badysts of bitcoin predict an imminent return to unprecedented highs.
Previous events that halved the number of bitcoins have resulted in higher bitcoin prices, although there is no guarantee that history will repeat itself. & Nbsp;
Getty
"We are going to ambad bitcoins at that time," Bitcoin fund manager and cryptocurrency Brian Kelly said CNBC. "We will not sell it." You usually have a rally a year later [a bitcoin halvening]and a year out of it. And we are only at the beginning of this stage […] a reduction in supply is generally bullish. "
A bitcoin disruption – there have been two since the creation of bitcoin in 2009 – is a fixed event that will occur each time the system retrieves or confirms 210,000 blocks.
Some 12 months after the first halving of Bitcoins in November 2012, the price of Bitcoins hit a record $ 1,000.
The year 2016 was marked by the bull race that culminated in December 2017 when the price of bitcoin reached $ 19,000.
Observers of bitcoins and cryptocurrencies hope that by next year, bitcoin holders will be cut in half, and cryptocurrency holders will accumulate bitcoins in the hope that the reduced supply will drive up prices.
"It's just simple economics," Kelly added.
The price of bitcoin has soared in 2019 but has not yet fully recovered after a disastrous 2018 year.
CoinDesk
However, a lot has changed since the last bitcoin stop in 2016. The huge rise in the price of bitcoin in 2017, which pushed the price of bitcoin from less than $ 1,000 to nearly $ 20,000 in less than 12 months, has attracted the attention of Bitcoin on investment and on the public.
Now, institutional investors are interested in bitcoins and other crypto-currencies, seasoned investors, who previously ignored the long-term value of bitcoins, have joined us, and the big companies of high technology like Facebook and Square wish to participate.
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Bitcoin, which is now hovering around $ 7,500 after a pound sterling that has seen the price boom of bitcoin, has been traded sideways over the past two weeks, as the market is dealing with what has become the new normality.
The price of bitcoin has almost doubled to 2019, and bitcoin bulls are already looking for the next catalyst to raise the price.
Now, with the so-called bitcoin hacking event, closely monitored, where the number of bitcoins granted to minors for the exploitation of new bitcoin blocks will increase from 12.5 bitcoins to 6.25 bitcoins, just a year away, some bitcoin badysts predict a return to bitcoins Unprecedented highs could be imminent.
Previous events that halved the number of bitcoins have resulted in higher bitcoin prices, although there is no guarantee that history will repeat itself.
Getty
"We are going to accumulate bitcoins at that time," CNBC's Brian Kelly, fund manager for cryptocurrency and cryptocurrency, told CNBC. "We will not sell it, you usually have a rally a year in [a bitcoin halvening]and a year out of it. And we are only at the beginning of this stage […] a reduction in supply is generally bullish. "
A bitcoin disruption – there have been two since the creation of bitcoin in 2009 – is a fixed event that will occur each time the system retrieves or confirms 210,000 blocks.
Some 12 months after the first halving of Bitcoins in November 2012, the price of Bitcoins hit a record $ 1,000.
The year 2016 was marked by the bull race that culminated in December 2017 when the price of bitcoin reached $ 19,000.
Observers of bitcoins and cryptocurrencies hope that by next year, bitcoin holders will be cut in half, and cryptocurrency holders will accumulate bitcoins in the hope that the reduced supply will drive up prices.
"It's just simple economic considerations," Kelly added.
The price of bitcoin has soared in 2019 but has not yet fully recovered after a disastrous 2018 year.
CoinDesk
However, a lot has changed since the last bitcoin stop in 2016. The huge rise in the price of bitcoin in 2017, which pushed the price of bitcoin from less than $ 1,000 to nearly $ 20,000 in less than 12 months, has attracted the attention of Bitcoin on investment and on the public.
Now, institutional investors are interested in bitcoins and other crypto-currencies, seasoned investors, who previously ignored the long-term value of bitcoins, have joined us, and the big companies of high technology like Facebook and Square wish to participate.
