Bitcoin (BTC) will go through its fourth halving, a scheduled event happening every four years. The repercussions of this event are multiple, and halvings in the past have affected both the mining economy and open market trading. There are expectations the halving would bring a new period of growth, as the one following the 2016 halving.
In May 2016, BTC prices hovered between $400 and $500. The halving ushered growth toward $1,000 and into the biggest BTC rally in history, all the way up to $19,600.
The next halving will occur in 2020, and there are mixed reactions on it’s implications on the price of Bitcoin. Looking at previous halving the price will tend to increase towards or after the period of halving.
Below is a reaction of a Crypto Fanatic on Twitter👇.