RATE Group | COVID-19 crisis can take BTC to the moon
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COVID-19 crisis can take BTC to the moon

25 Apr COVID-19 crisis can take BTC to the moon

Posted at 10:30h in Cryptocurrency News by

  • Cryptocurrency market is in position for a strong rally.
  • From the short-term perspective, Bitcoin and the majority of altcoins are range-bound.

Cryptocurrency experts believe that Bitcoin is well-positioned for a strong rally ahead and after the halving. The highly anticipated event will take place in the middle of May and result in Bitcoin’s block reward reduction. Halving is scheduled to place every 210,000 blocks or every four years until the maximum supply of 21 million bitcoins has been created by the network. 

According to Mati Greenspan, the founder of financial advisory outfit Quantum Economics, Bitcoin will outperform traditional assets due to the upcoming halving and flow of money injected in the financial system.

Bitcoin has been the best performing asset by far over the last year and over the last decade. With all the money being injected into the system at this time and the upcoming halving, I don’t see any reason it wouldn’t continue to…

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