Bitcoin Halving Countdown | SwapSpace

Why is Bitcoin halving a game-changer?

Bitcoin halving affects both miners and holders of the cryptocurrency. For the first ones, the reward will be reduced by 50%, which means they will get two times less reward than before for the same job. Here market forces come into play: soaring Bitcoin’s scarcity has a strong influence on the price of Bitcoin. Previous halvings have shown that Bitcoin halving triggers remarkable growth not only in Bitcoin’s price but on the whole cryptocurrency market: in the one-year rise, it has changed the price from $11 to $1,100 after the first halving and from $600 to $20,000 at the peak moment after the second one. The consequences of the third halving remain unknown as yet.

What to expect after May 2020 halving?

Opinions of the experts diverged. Despite the whispers about the crypto market reaching maturity, strong halving foretastes in the financial community, and the possibility that the impact of halving is already included in the current BTC price, 2020 has started in anticipation of the inflection point. It surged 31% in January showing the best performance since 2013, and BTC price keeps growing after the halving.