Peter Brandt: Impact of Bitcoin Halving Is Grossly Overrated
The impact of the block reward halving on Bitcoin price is grossly overestimated, according to famous trader Peter Brandt Go to Source Powered by WPeMatico
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The impact of the block reward halving on Bitcoin price is grossly overestimated, according to famous trader Peter Brandt Go to Source Powered by WPeMatico
Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s) territory and the BCH hashrate fell … Read more
Don’t miss the latest episode of the Cointelegraph chat show “Beer & Bitcoin”! In this chapter, our YouTube hosts discuss the impact of the coronavirus on the crypto industry, Bitcoin halving price predictions and more! Go to Source Powered by WPeMatico
In less than 70 days, the halving on the Bitcoin blockchain will divide miner rewards by two, to 6.25 BTC. While the historical price impact of a halving on the Bitcoin blockchain has seen strong increases in price over time, the community is still debating whether or not this 3rd reduction of miner rewards will … Read more
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces Go to Source Powered by WPeMatico
Digital asset data company The TIE found a correlation between Bitcoin halving media mentions and the cryptocurrency’s price Go to Source Powered by WPeMatico
Does 2020’s halving-related BTC price growth have any real value or is it just FOMO? Go to Source Powered by WPeMatico
The anticipation for the block reward halving for BTC, BCH, and BSV has been building. All three cryptocurrencies will see rewards halved from 12.5 to 6.25 coins throughout the months of April and May. The following is a comprehensive list of websites that are counting down each crypto’s reward halving in different ways, so people … Read more
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling significant … Read more
The total market capitalization of gold is estimated to be above $7 trillion, which is over 38 times that of bitcoin at the moment. However, there are those that think that the cryptocurrency is a better store of value for our age than the precious metal. The latest take on the idea explains how the … Read more