RATE Group | Bitcoin Halving to Have “Tiny” Supply Shock; More Important Events in 2020
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Bitcoin Halving to Have “Tiny” Supply Shock; More Important Events in 2020

04 Feb Bitcoin Halving to Have “Tiny” Supply Shock; More Important Events in 2020

Posted at 21:53h in Bitcoin News by

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Bitcoin’s mining rewards halving event has long been looked towards as a bullish fundamental event that would catalyze a massive BTC uptrend due to the resulting inflation reduction.

In spite of this, one prominent angel investor is now noting that the supply reduction resulting from this event will be “tiny,” and that it is highly unlikely that it will directly lead to any type of massive short-term growth in the cryptocurrency’s value.

Importantly, however, the same investor does note that he believes there are multiple other events and developments in 2020 that could catalyze the next uptrend.

Bitcoin Halving Fast Approaches, But Its Supply Shock Will Be “Tiny” 

Currently, Bitcoin’s mining rewards halving is slated to occur on May 12th of this year, which is only 97 days away.

This event, which is an integral part of Bitcoin’s fundamental structure, leads to an inflation reduction that is widely thought to be bullish.

The upcoming halving is set to reduce BTC’s…

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