Only 100 Days Left Until Bitcoin Becomes More Scarce

[MUGNIA]

Bitcoin’s long-awaited halving is set to take place in 100 days. From then on, the asset will become twice as scarce.

The most anticipated cryptocurrency event is almost upon us: Bitcoin’s halving. Estimated to take place on May 12, 2020, we are just 100 days away from mining rewards being cut by half. That means Bitcoin is about to get a lot scarcer—and likely more valuable, as a result.

Here at BeInCrypto, the topic has been covered quite extensively from all angles. For example, Bitcoin is in a unique position now because it has more fiat on-ramps than ever before. Analysts are split on whether we can expect a significant price bump before or after the halving event, however. One study by Messari controversially found that it may already be priced-in and took issue with the commonly-cited stock-to-flow ratio in predicting future price movements.

A debate has been raging on whether this may be the case, with many settling on the idea that positive movement will only happen after the halving. Some have even made the bold claim that Bitcoin could reach as high as $400,000 after the halving based on historical trends. However, the past performance does not equal future performance so we should be wary of making simplistic comparisons.

more : https://beincrypto.com/only-100-days-left-until-bitcoin-becomes-more-scarce/