06 May Crypto Investment Advisory Firm Ranks Halving Scenarios
On May 4, CoinShares Research put out its ranking of the likelihood of various halving scenarios as well as their potential impact on the industry.
Bitcoin (BTC) halving has captivated the imagination of the crypto industry and there is no lack of outlandish predictions forecasting anything from the death spiral that will destroy the Bitcoin network, to the one predicting its parabolic rise. Earlier today, this subject was also discussed in another episode of Cointelegraph Talks.
In the latest post, CoinShare’s head of research, Christopher Bendiksen, analyzed five of the most popular scenarios and concluded by proposing his own.
Source: CoinShares Research
Negative scenarios
First, Bendiksen rules out the doomsday death spiral scenario that contends that the halving of the mining reward will disincentivize Bitcoin miners from mining. Bendiksen believes that the empirical evidence from the two previous halvings makes highly unlikely. Andreas Antonopoulos also recently opined that this…