The first Remitano "Crypto Debate Competition" is here!
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Deadline: February 13, 2020
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wealthway
Bitcoin Price is very likely to surge higher after the halving by May this year, 2020. This would be the case because apart from the fact that it happened the same way during the halving in 2012 and 2016, it is also of note that Bitcoin prices most times respond to speculations. So, that means that, even if the halving does not have its own specific effect on the price of bitcoin, the expectation of people based on the former experiences will definitely cause them to speculate on the positive price increase of bitcoin, which will lead to holding more and purchasing more, which then will definitely translate into price increase.
The opinions of experts in the field also play a major role in the price of Bitcoin, it is of note that most of the major players including the founder of Kraken believe in this price increase and that will surely sway people towards purchasing and holding Bitcoin and other cryptocurrencies hence leading to increase in price.
Add the above with the increasing adoption of blockchain technology by many countries and Central banks, it is very evident that the price of bitcoin is very likely to soar after the halving in May.
ugospecial
There is a good chance that Bitcoin price will skyrocket after the 2020 Halving like twice before going by the fact that after the Halving miners block reward will diminish by 50%(Issuance schedule) and miners who don't find it profitable to mine anymore will give up. Most miners will continue to mine and will only sell their Bitcoin at a profitable rate, thus increasing Bitcoins asking price.
abd_keita
The halving in 2020 will have great impacts on the price of Bitcoin.
Digital mining is becoming the racetrack for giant international companies because they have more advanced machines and cheaper sources of electricity.
The first halving occurred on November 28th 2012 when one BTC was worth around $11. A year later, bitcoins price surged to a mouth-watering $1,100 in 2013 while the second halving took place in July 2016. Bitcoin maintained a price of around $600–$700 before flying to $20,000 in the great bull run of 2017.
However, if we assume that history will repeat itself again, the price of Bitcoin over the next year and a half is very likely to be much higher than it is today and that may at the very least help to dispel some of the bearish bias surrounding Bitcoin at the moment.
