\ud83d\udd25 TOP Crypto TIPS In My Weekly Newsletter \ud83d\udc49 https:\/\/signup.coinbureau.com\/newsletter
\n\u25ba BTC Tipjar \ud83d\ude4f\ud83c\udffb: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\u23f0 Time Stamps \u23f0<\/p>\n

1:28 Mining Primer
\n3:55 Why it Could Impact Price
\n7:54 Past Halving
\n9:26 Stock-to-Flow Model
\n11:10 Thought Leader Predictions
\n12:26 Fewer Bitcoin Than You Think
\n13:58 Why This Halving could be different
\n16:50 Bitcoin Hashrate Overview
\n18:23 Conclusion<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\u26d3\ufe0f \ud83d\udd17 Helpful Links \ud83d\udd17 \u26d3\ufe0f<\/p>\n

\u25ba BTC halving countdown: https:\/\/www.bitcoinblockhalf.com\/
\n\u25ba Halving stats: https:\/\/hackernoon.com\/how-much-should-bitcoin-miners-earn-in-the-future-undy3vih
\n\u25ba CoinShares report: https:\/\/coinsharesgroup.com\/assets\/resources\/Research\/bitcoin-mining-network-december-2019.pdf
\n\u25ba Past halving price chart: https:\/\/masterthecrypto.com\/wp-content\/uploads\/2019\/10\/bitcoin-halving-price-usd-exchange-rate-values.jpg
\n\u25baLive Stock-to-Flow chart: https:\/\/digitalik.net\/btc\/
\n\u25ba Stock-to-Flow comparison chart: https:\/\/www.getrevue.co\/profile\/zpx\/issues\/understanding-bitcoin-s-stock-to-flow-ratio-179035
\n\u25ba Credit Suisse\u2019s Global Wealth Report for 2019: https:\/\/www.credit-suisse.com\/about-us\/en\/reports-research\/global-wealth-report.html
\n\u25ba Bitcoin hash rate chart: https:\/\/www.blockchain.com\/en\/charts\/hash-rate<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\ud83d\udcdd Simple Overview \ud83d\udcdd<\/p>\n

The Bitcoin halving is perhaps one of the most hyped events for 2020, fueling rife and wild speculation from crypto holders, analysts and news publications alike. <\/p>\n

\u20bf What is the Bitcoin halving? \u20bf<\/p>\n

The Bitcoin halving happens roughly every four years and is when the mining reward for Bitcoin is cut in half. This effectively cuts Bitcoin inflation by reducing the number of coins entering the market.<\/p>\n

\ud83d\udcc8 The Halvings Impact On Bitcoin\u2019s Price? \ud83d\udcc8<\/p>\n

Bitcoin\u2019s current inflation rate (pre-halving) is 3.6% per year. However, the May 2020 halving will reduce the rate of inflation to just 1.8%. <\/p>\n

At the time of video release, the average miner cost to produce a Bitcoin stands at $6.3K. This means that miners need to sell roughly $11 million in Bitcoin every day to cover production costs. <\/p>\n

After the halving, miners will only earn half the number of BTC and this means less miner selling. If the demand for Bitcoin stays the same, this should increase the price.<\/p>\n

\u231b What Happened In Past Bitcoin Halvings? \u231b<\/p>\n

Bitcoin increased in price by 9200% after the first halving and about 3000% after the second halving. The time it took to reach a market peak has taken progressively longer in subsequent halvings. <\/p>\n

Although we have very few data points, one thing seems quite clear: Bitcoin does seem to go on quite a bull run after the halving.<\/p>\n

\ud83c\udfe6 Stock To Flow Model \ud83c\udfe6<\/p>\n

This model is used commonly in the traditional financial markets to value commodities like gold and silver. According to NewsBTC, the Stock-to-Flow model has predicted the Bitcoin price with an astonishing accuracy rate of 99.6%. Incredibly, this financial model predicts a $94K Bitcoin in May 2021.<\/p>\n

\ud83e\udd3c What Crypto\u2019s Thought Leaders Are Saying? \ud83e\udd3c<\/p>\n

\u25ba Digital Asset Research: $60K Bitcoin by May 2020
\n\u25ba Kraken CEO, Jesse Powell: $100K to $1M Bitcoin.
\n\u25ba Anthony Pompliano, co-founder of Morgan Creek Digital Assets: 75% chance of $100k BTC by 2022.
\n\u25ba Billionaire investor Tim Draper: $250k BTC by end of 2023.<\/p>\n

\ud83d\udd3d BTC Supply Is Smaller Than You Think \ud83d\udd3d<\/p>\n

Chainalysis estimates that, out of BTC\u2019s 18 million circulating supply, around 4 million Bitcoins have been lost forever. That means that if the demand for Bitcoin increases, new dollars entering crypto could be chasing way fewer Bitcoins than people think. Put simply, increased demand and smaller supply typically mean higher prices.<\/p>\n

\ud83d\udccb This Halving Could Be Different \ud83d\udccb<\/p>\n

We\u2019ve never gone into a halving before with readily available futures markets or leveraged trading platforms. Currently, futures markets account for around $200M in daily Bitcoin trade volume (with BTC priced at $8K). Major leveraged trading platforms like BitMEX, Bybit, and Binance account for another $8 billion of trade volume a day. That\u2019s around a quarter of Bitcoins reported trade volume according to Coinmarketcap.<\/p>\n

\ud83d\udcca Increasing Hash Rate \ud83d\udcca<\/p>\n

The Bitcoin hash rate is currently going through the roof. This is not a surprise given that miners have a closing window of time to collect 12.5 BTC block rewards before these are cut by half.<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\ud83d\udcdc Disclaimer \ud83d\udcdc<\/p>\n

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.<\/p>\n

#Bitcoin #BTC #Crypto #Blockchain #Review #halving #rally #cryptocurrency #miners #hashrate
\n
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