A Rare Event Indeed
There’s a rare event that takes place in the Bitcoin eco-system that on both occasions in the past has been a catalyst for major market growth. Every four years what is commonly known as the “Bitcoin halving” takes place. It is a 50 per cent cut in the minting of the finite cryptocurrency, and it is due to take place in May 2020.
In previous halvings: you could have made more than an astonishing 11,000% if you had invested before it happened in 2012. Whereas, the 2016 event would have netted you more than 7000% profit if you had positioned yourself in time.
You see, there can never be more than 21 million bitcoins. The supply of Bitcoin is coded and because of its decentralised, immutable nature we know exactly how many there are now and how many there will be at any stage in the future.
Every 10 minutes there are 12.5 bitcoins minted and rewarded to miners who use their powerful computing power to compete against each other in hope of working out the complex maths behind the cryptographic algorithm that form the Bitcoin blockchain.
Investing Early Is Key
From May 2020, the amount minted will drop from 12.5 to 6.25 every 10 minutes, and the halving event will keep occurring every four years until the very last bit of bitcoin is minted.
I just want to be clear that this is only my opinion and is definitely not investment advice, but as stated earlier: getting into Bitcoin around past halvings has been very lucrative. Read More...