This is the cause of the latest surge in Bitcoin prices



[ad_1]

The price of bitcoin has increased 48% in the last 30 days.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wondering what to do with the recent escalation? underway between the United States and China and soon & nbsp;cyclic halving& nbsp; In 2020, two main reasons for the current rally, according to Tom Lee, managing partner of Fundstrat Global Advisors. "data-reactid =" 16 "> Wondering what to do with the recent recovery The ongoing US-China relationship The trade war and a cyclical halving in 2020 are two of the main reasons for the current recovery, according to Tom Lee , Managing Partner of Fundstrat Global Advisors.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Digital gold?"data-reactid =" 17 ">Digital gold?

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With the volatility of global equities, investors in crypto- currency are looking for bitcoin (BTC-USD) as a safe haven, said Lee & & nbsp;Yahoo Finance is in motion."Interesting," he said, "at times of worries about markets, macro risks, or political, or geopolitical, we have seen a rise in bitcoin." Global equities and cryptocurrency investors are turning to Bitcoin (BTC-USD) to invest in safe havens, Lee told Yahoo, published by On the Move, in Yahoo Finance. or political, or geopolitical, we saw bitcoin rally. "

Currently, Bitcoin is truly acting as a "digital gold", offering an investment that avoids exposure to markets affected by the uncertainty of trade, Lee said.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "2020 bitcoin mining half"data-reactid =" 31 ">2020 bitcoin mining half

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In addition to a problem met by the concerns China, Bitcoin also addresses a cyclical stage: every four years, the bitcoin blockchain – the decentralized payment rail that records all bitcoin transactions – is subject to a & nbsp;reduce by half& nbsp; in which the reward of "minors" who record transactions in the blockchain is halved to limit the creation of new bitcoins. "data-reactid =" 32 "> In addition to the trade problems related to China, bitcoin is also approaching a cyclical turning point: every four years, the bitcoin blockchain – the decentralized payment rail that records all bitcoin transactions – is halved: the "minors" reward for transactions in the blockchain is halved as a way to limit the creation of new bitcoins.

Historically, the halving of the mining reward has been a catalyst for the price of bitcoin as supply tightens.

"It's exactly one year from today," Lee said. "And Bitcoin has always organized a pretty big rally in the sense of half, because you're actually cutting back on the supplies. As a result, $ 9 million a day is sold by miners. It will fall to $ 4.5 million by the date of halving. "

Lee sees an upward trend for the price of bitcoin. "You know, the market can easily absorb $ 4.5 million. Bitcoin should therefore increase significantly. And you know, if you look at breakeven, you know, the bitcoin price to break even if you know it – should be around $ 14,000 right now. So, I think that's why we had this big gathering. "

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bitcoin recently cracked the $ 8,000 level in one year, doubling its earnings, but the current level is still very far from that of & nbsp;December 2017 record& nbsp; almost 20,000 USD. "data-reactid =" 36 "> Bitcoin recently crossed the $ 8,000 mark for the first time in more than a year, doubling its earnings, but the current level is still quite different from December 2017 maximum of almost $ 20,000.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Yvette Killian is a producer for Yahoo Finance's On The Move."data-reactid =" 37 ">Yvette Killian is a producer for Yahoo Finance's On The Move.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read the latest financial and commercial news from Yahoo Finance"data-reactid =" 38 ">Read the latest financial and commercial news from Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""We do not see any signs of tighter credit conditions," according to an analyst"data-reactid =" 39 ">"We do not see any signs of tighter credit conditions," according to an analyst

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "All signs suggest more share buybacks at Berkshire Hathaway"data-reactid =" 40 ">All signs suggest more share buybacks at Berkshire Hathaway

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "CBS has a "white problem": former cadre"data-reactid =" 41 ">CBS has a "white problem": former cadre

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram,Flipboard, SmartNews, LinkedIn, Youtube, and reddit."data-reactid =" 42 ">Follow Yahoo Finance on Twitter, Facebook, Instagram,Flipboard, SmartNews, LinkedIn, Youtube, and reddit.

[ad_2]
Source link