Looking Towards the Bitcoin Halving: Will BTC Price Pump in 2020?
The number of BTC awarded to miners for adding blocks to the Bitcoin blockchain is set to decrease next year. These so-called halving events occur about every four years and are part of the cryptocurrency’s distribution schedule.
The next halving, expected in May of 2020, will be Bitcoin’s third. The previous two halvings resulted in huge surges in BTC price in the months that followed them.
Will Bitcoin Rally Following the 2020 Halving?
Bitcoin was originally designed with a hard an
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