Bitcoin halving 2020 has taken place: will the course grow?

On the evening of May 11, 2020, the third halving occurred in the Bitcoin network (halving the reward for minersper found block).This happened on block 630,000. The reward for miners has decreased from 12.5 BTC to 6.25 BTC. Many novice crypto enthusiasts expected an increase in the rate of the first digital currency from this event, but, alas, a miracle did not happen.

Crypto experts with experience, on the contrary, did not hope for instant growth. It is enough to turn to history and conduct a comparative analysis of the two previous halving in 2012 and 2016.

The first halving occurred on November 28, 2012. Then the reward to miners decreased from 50 BTC to 25 BTC, and the Bitcoin rate began to grow after a few months and by the end of 2013 rose to $ 1,163 for 1 Bitcoin. Then a correction followed and throughout 2014, the first digital currency rate fell. In 2015, the bottom was groped at $ 152 for 1 Bitcoin, and cryptocurrency gradually began to rise in price.

The second halving occurred on July 9, 2016. To this date, Bitcoin approached with a rate of $ 670 for 1 coin. The reward to the miners halved again from 25 BTC to 12.5 BTC, and the Bitcoin rate began to grow again after a few months. By the end of 2017, the price of the first digital currency rose to $ 19,666, setting another historic high. In 2018, the scenario of 2014 was repeated and Bitcoin fell in price to $ 3122. In 2019, cryptocurrency again began to grow in price.

Bitcoin met the third halving with a rate of $ 8700 for1 digital coin. And if the cryptocurrency development scenario is repeated for the third time, then the price of Bitcoin will set a new historical maximum in 2021. But, when exactly and what this maximum will be, one can only guess what many cryptanalysts and experts are doing.

However, while some are guessing, others are not wasting time.in vain and buy cryptocurrency, increasing the share of Bitcoin in their investment portfolio. You can quickly and profitably buy Bitcoin using an online exchanger. There are a lot of such services now, but you should not trust the first one that comes across. Since often young exchangers are created by fraudsters for the sole purpose of attracting buyers at a profitable rate to their site, and then deceive him. Therefore, you should definitely pay attention to the age of the exchanger.

As a reliable platform for convenient andFor quick purchase of cryptocurrencies, as well as for their secure storage, we recommend using the Matbea service. It combines a crypto exchanger and a crypto wallet. It works around the clock and has a large selection of methods for depositing and withdrawing rubles. Cryptocurrency is primarily stored in “cold” wallets, thereby further protecting user funds from hackers. Russian-speaking technical support service is available 24 hours a day.

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