Cryptocurrency
Bitcoin Halving 2020: How Miners Expect the Crypto Markets to React
As reported on Coindesk, “‘If price performance following the November 2012 and July 2016 halvings is any indicator, bitcoin’s price should increase significantly over the 10- to 12-month period following the halving.’ “That’s Ciara Sun, head of global business and markets at cryptocurrency exchange Huobi. Speaking on the third podcast episode of ‘Bitcoin Halving 2020: […]
As reported on Coindesk, “‘If price performance following the November 2012 and July 2016 halvings is any indicator, bitcoin’s price should increase significantly over the 10- to 12-month period following the halving.’
“That’s Ciara Sun, head of global business and markets at cryptocurrency exchange Huobi. Speaking on the third podcast episode of ‘Bitcoin Halving 2020: Miner Perspectives,’ Sun was joined by Bitfarms CFO John Rim. The two shared their insights on the expected market impacts of bitcoin’s third halving event.
“Sun noted that many crypto investors are expecting a substantial bitcoin price increase in the months following the 50 percent reduction in bitcoin block subsidy rewards. However, Sun also caveated her statement saying the market dynamics leading up to May’s halving event are ‘more complicated’ this time around due to global events such as the COVID-19 outbreak…”