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Historical data shows that after each Bitcoin halving the BTC price went up substantially, and this time it may be expected to hit $100,000.
In May next year, the third BTC halvening is to take place with miners’ rewards for each new block to be reduced in half.
This means that twice as fewer Bitcoins will be issued, making Bitcoin (BTC) a more scarce digital asset than previously.
All eyes on 2020 – $100,000 after the halving?
A crypto enthusiast ‘Crypto Einstein’ (@BitcoinEinstein) with nearly 40,000 followers on Twitter has posted a chart, showing the rise of the Bitcoin price after each halving (happening every four years).
After the upcoming halving, some believe that the Bitcoin price of father crypto may fall since a lot of miners may give up their business and quit.
However, there are many who are positive that the BTC price will surge due to the halvening, the growth of the US debt and more QE programs to come in the future.
As per the chart shared, this time, the Bitcoin price may be expected to hit an all-time high of $100,000.
The chart states that the fourth and the last halving will take Bitcoin as high as $300,000.
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