Bitcoin Price: Bitcoin Halving 2020 prediction!

Many people are confident that Bitcoin price will go to the moon after Bitcoin halving 2020 but one cannot expect when that will happen.

Bitcoin Price and the Bull Run

Some people say that people are just accelerating their expectations out of positivity because they do not have an option. Because one must remember what happened before when bull run occurred and when the market value touched its all-time high. Many people formed inferences that the market value will be higher than what it ended, that time.

So, looking at this one can compare the identical thing at this time wherein people are anticipating a “tremendous” price increase due to the upcoming Bitcoin halving in which they think will increase the market price of Bitcoin to the next level. But in spite of tremendous expectations, one should follow those considerations with the substance in order to not experience from anxieties if ever the views turn to the opposite.

PlanB is revising its stock-to-flow model shortly before Bitcoin Halving 2020

PlanB a popular Twitter user was featured in the May 1 issue of the podcast with Peter McCormak, another crypto-influencer. There he described the path of the oldest cryptocurrency. He further said that Bitcoin may not even be an asset anymore, but something much larger. PlanB is convinced that the Bitcoin price will one day be around $1 million.

“This thing [#bitcoin] is not a toy anymore, and it’s maybe not an asset anymore as well. It is going to be much bigger than that.”

PlanB + @PeterMcCormack podcast on Youtube:https://t.co/kHH9JzyM7w
— PlanB (@100trillionUSD) May 2, 2020

Are you dissatisfied with your broker? Get the cheapest fees from ByBit now and trade where we trade!

On April 27, PlanB published an article detailing a revised version of its stock-to-flow model.

The stock-to-flow model states that there is a connection between the hardness of an asset and its price. The hardness is calculated as follows: the amount conveyed/increase in one year.

Example Bitcoin: 18,359,500 coins are currently being funded. Each year, block reward * block per year = 12.5 * 6 * 24 * 365 = 657,000 BTC are added. So the hardness is ~ 28. The hardness increases linearly with the same delivery rate. With Bitcoin, the hardness also doubled by the Bitcoin Halving at once, because the delivery rate is halved.

PlanB shows in a logarithmic chart of the post how the market capitalization of Bitcoin has correlated with its hardness in the past. In the revised version, he draws the self-defined development stages of the cryptocurrency. In addition, he included gold and silver in the calculation of the regression line and was able to improve their accuracy and their degree of determination (R ^ 2).

How to be prepared for bitcoin halving?

Bitcoin Price to pump massively

The possibility of Bitcoin price to pump massively is high, reflecting the halving event that would help the assumption. As we know the fundamentals of the law of Supply and Demand, it is a point that the supply of Bitcoin would be decreased deeply and its influence in the position of Bitcoin is foreseeable. As the supply declines the more eminent the demand it would get so, every thought and perspicacity that tells you to stock or store Bitcoin is good before it is too late.

Every four years after mining of 210,000 blocks, the Bitcoin halving development occurs, wherein the amount of BTC created rewards to the miners will be halved, i.e, cut the current one by 2, which essentially will decrease from 12.5 to 6.25 BTC. Bitcoin halvings that have occurred before perpetually revealed far-reaching mountains, hence the equivalent is assumed of the upcoming one.

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you

Nexo - Your Crypto Banking Account

Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Get Started Now

It is super easy to buy Bitcoin. Just take a look at our exchange comparison!

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.

#BitcoinHalving2020 #BTC #CryptoMarket

Posted By

Prasanna

Prasanna is the editor-in-chief of CryptoTicker English. He has a huge knowledge of the cryptocurrency market. He is an extremely accomplished technical analyst having vast experience in the crypto domain.