Jiang Zhuoer, the founder of top cryptocurrency mining pool BTC.Top, has claimed an upcoming bitcoin bull run will be the last one that can clearly be predicted.
According to Zhuoer, the next bitcoin bull run will be triggered by the upcoming block reward halving, which will but rewards from 12.5 BTC per block to 6.25 BTC per block. The halving is expected to occur later this year, and according to some analysts the cryptocurrency’s price will rise because of the reduced supply, while demand keeps growing.
On the microblogging platform Weibo, as first reported by 8BTC, Zhuoer argued that the amount of people who know about bitcoin will already have heard about it after the event, while the supply drops in half because of it. He added that:
Bitcoin’s market share continues to decline, and the crypto market will become similar to assets like real estate and us stocks. Read More...