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Upcoming Bitcoin bull will be the last one we can predict, claims China mining tycoon

The bitcoin bull run to come with the upcoming halving is likely to be the last one that cab be clearly predicted, said crypto mining pool BTC.Top’s founder Jiang Zhuoer. The mining pool is the second largest in China.

The bitcoin tycoon recently took to Weibo (Twitter's equivalent in China) to opine about his prediction of bitcoin’s next halving. As the date of the third bitcoin halving draws near, debates regarding when the halving effects kick in and how it will influence price have been intensifying.

BTC Halving will take place in May 2020

What is the halving

Since bitcoin’s creation in 2009, its block reward is designed to be halved every 4 years. There have been two halvings, with the first happening on November 28, 2012, and the second on July 9, 2016. The next halving event is estimated to fall on May 12 this year, when mining rewards will get cut in half, to 6.25 BTC per block. Read More