in May 2020 will be the third halving the currency undergoes. The first halving happened in November 2012, and the second one happened in July 2016. Both where the precedent for a significant wave of Bitcoin adoption.
In short:
on the basis of history
Bitcoin price will take boost after may 2020 halving.
the first halving in 2012, the Bitcoin price rose from $12 to $140. Weeks after the second halving in 2016, Bitcoin started a rally that propelled its price from $582 to $20,000.
Instead of 1,800 new Bitcoin’s available per day now there will only be 900 Bitcoins available after bitcoin halving 2020. This means that if there is more demand than 900 Bitcoins on a given day, the price will go up.
Major facts about the bitcoin halving 2020:
1: The halving is expected to happen in May/june 2020.
2: Only 900 bitcoin per day will be created after the 2020 halving.
3: 85% of bitcoins will have already been mined at the time of halving.
4: Historically each Halving marked the beginning of New bitcoin bull run.
5: After the halving only 3.15 millions bitcoin will be left unmined.
At the time of the 2020 halving, 18,375,000 Bitcoins will have been mined in total. That’s approximately 85% of the total Bitcoin supply.
Now, many estimate that over 25%of all Bitcoins have been already lost. This would mean that at the time of the halving there would in fact only be around 13,700,000 Bitcoin available. That’s not even 0.002 Bitcoin for every human on Earth!
The historical pattern shows Bitcoin prices booming one year after each previous halving. However, history doesn’t always paint a complete picture when it comes to the Bitcoin markets..
