Miners are preparing for Bitcoin-Halving: BTC offer drops and course explodes

Miners are preparing for Bitcoin-Halving: BTC offer drops and course explodes

The miners are ready for the upcoming Bitcoin-Halving and the effects on the market are promising. According to a report, the BTC offer will decrease due to this event and thus cause an increase in the course.

The Bitcoin-Halving is an event that takes place every four years and results in a reduction in the newly issued bitcoins. This means that the number of new bitcoins that the miners receive as a reward for their work is halved. The last halving took place in 2016 and was an important turning point for the Bitcoin market.

This time the Bitcoin Halving is expected to take place in early May 2020. The miners are already preparing to increase their activities and increase their hash rate, i.e. the computing power that they contribute to securing the network. This happens to ensure that they remain profitable even after the halving.

experts assume that the Halving will make the BTC offer scarce because the miners receive fewer rewards. This becomes scarce overall and the demand for Bitcoin is increasing. The larger excess of demand leads to an increase in the Bitcoin course.

historical data show that the previous halves of the Bitcoin have strongly influenced the course. In 2012, the price of Bitcoin rose to over $ 1,000 after the halving of around $ 12. A similar pattern was also shown in 2016 when the price of around $ 600 rose to over $ 2000.

It is important to note that the Bitcoin market is volatile and that there is no guarantee that the course will actually increase after the halving. There is always the risk of market manipulations and other factors that can affect the price.

Nevertheless, many investors and Bitcoin enthusiasts are optimistic that the upcoming halving will have a positive effect on the market. It is expected that both experienced and new investors will enter the market and continue to drive the Bitcoin price.