Weiss Ratings expects ‘massive crypto-super boom
In less than two weeks, the reward for Bitcoin will be halved-Block, and the BTC-miner workers get to the 12. May, the half of the reward. Since the “Black Thursday” (12. March) increased the Bitcoin prices has risen by 103%, from 3.800 to $ 7.750 $ per BTC. Since the halving is approaching fast, believe many proponents of the Cryptocurrency, the event will create a significant demand for the digital asset, which will bring the price back to an all-time high.
One of the most anticipated events in the history of Bitcoin will take place on or around the 12. In may 2020, instead of. The event is called “Bitcoin Halving” and means that the reward to the miners for finding blocks in the BTC-receive Chain is reduced by half. As the BTC network was launched for the first Time, received the Miner the 50 BTC per found Block, and in 2012, this reward has changed to 25 coins per Block. In July 2016, it was time for the second halving of the reward, when the reward from 25 coins to 12.5 BTC per Block was halved. In less than two weeks, the reward of 12.5 coins per Block is halved, and the Miner will get only the 6.25 coins per Block plus transaction fees. The reason for this is that Satoshi Nakamoto has created a mathematical and predictable System, the scarcity and Save promotes.
On Tuesday, the 28. April, are 18.349.900 BTC in circulation, and there will be 21 million BTC, if the last coin is minted. Between now and the halving of about 25,000 new coins will be obtained prior to the event from the Miner. The BTC has still to be issued an annual inflation rate of about 3.65% per day, per day, coins to the value of 13.923.540$. The prices should remain the same as it is today, will cut in half the $ 13 million, and the annual rate of inflation will fall to 1.8%. The 18.3 million BTC in circulation, however, are not a correct representation of what is really in circulation. Millions of BTC worth millions are lost or stolen, and many investors hold their BTC for a lifetime, in the hope that the price will rise even higher. A good example of this Trend is Glassnode presented data showing that 42,83% of the outstanding BTC have not been moved for at least two years. The Twitter Account @crypto unfolded indicates that this number has increased in the last 12 months of 10.4%.
Not everyone on the ‘crypto Twitter’ has high expectations that the BTC prices will be fast after the halving in the level. The well-known Bitcoin supporter on Twitter, known as @joe007, said its 28.000 Followers, he think that the price will quick after the halving in the level. “No, of course the price is not priced in”, he tweeted sarcastically. “Exactly on the day of the Great halving each is finally clear, how BTC is rated, and all will hurry to buy it. In Droves. With their unemployment funds.“ According to the Tweet of @joe007 many people cared not for his speculative attitude. He answered them with the words:
It is one thing to be optimistic, to buy a whole other to be of Hopium drunk and nonsensical narratives. Not that it really interests me. It is free to donate his money to a cause of their choice.
In spite of the opinion of the Bitcoin experts, many other investors and Think Tanks believe that the halving will catapult the price of the BTC in the North. The founder of Weiss Ratings, Dr. Martin Weiss, told recently of his opinion on the aftermath of the next halving of the BTC. Weiss Ratings, there is and has been for some time, and the researchers have developed a web portal called White Cryptocurrency Ratings. The Website awards for crypto-currencies, different notes, how to get you in the school of A+ to F. Weiss said, historically, the halving of the BTC have triggered “a historic bull market for crypto-currencies, and thus massive wealth for investors created”.
Featured Image: Wit Olszweski | Shutterstock
