Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: sirty143 on May 09, 2020, 12:19:15 PM

Title: BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving
Post by: sirty143 on May 09, 2020, 12:19:15 PM

BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving

(https://i.imgur.com/WFvIVsQl.jpg)

Miners are hoarding most of the Bitcoin they mine ahead of the halving, showing they expect a much higher... See more for yourself here (https://cointelegraph.com/news/btc-miners-expect-bitcoin-price-to-surpass-12k-after-reward-halving).

Your opinion is greatly appreciated.

Title: Re: BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving
Post by: ShadowCrypto on May 13, 2020, 06:03:03 AM

Given the deflationary nature of Bitcoin, any event that affects its supply will have a significant impact on the price of the asset. In the medium to long term, data shows that miners are confident the halving will push the price up substantially.