Bitcoin Halving Is A Potential Price Catalyst

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About: Bitcoin USD (BTC-USD)
by: Richard Durant
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Richard Durant
Deep Value, research analyst, tech
Summary

Bitcoin’s returns are in line with the behavior observed in the lead up to previous “halvings.”.

Based on past experience, Bitcoin’s price should remain relatively stable until after the next “halving” in May 2020.

History indicates Bitcoin’s price could go up to 200,000 USD between 2020 and 2022, although it's not clear why this should happen, given the “halving” is a known event.

Bitcoin’s (BTC-USD) price is heavily dependent on the number of users and the supply rate from mining. The rate at which new Bitcoins are created is determined by the block reward, which is