Why this coming halving will be the most dramatic yet!

Prior to the November 2012 halving the price was $12 and there were 50 bitcoin being mined per block ($600) meaning the market was absorbing $604,800 of new bitcoin per week. That halving reduced the new supply by $302,400 per week causing the market cap to rise by $14 billion dollars over the following year.

Prior to the July 2016 halving the price was $650 and there were 25 bitcoin being mined per block ($16,250) meaning the market was absorbing $16,380,000 of new bitcoin per week. That halving reduced the new supply by $8,190,000 per week causing the market cap to rise by $300 billion dollars over the following 18 months.

Prior to the May 2020 halving lets say the price is $10,000 (hypothetically for arguments sake) and there are 12.5 bitcoin being mined per block ($125,000) meaning the market will be absorbing $126,000,000 of new bitcoin per week. The halving will reduce the new supply by $63,000,000 per week potentially causing the market cap to rise by trillions of dollars over the following 2 to 3 years.

TLDR;

2012 halving reduced the new supply by $302,400 per week.

2016 halving reduced the new supply by $8,190,000 per week.

2020 halving will reduce the new supply by $63,000,000 per week.

Making the next halving the most dramatic yet.

Gold is an $8 trillion dollar market cap shiny yellow rock. The nasdaq dot-com bubble of 2000 held a $7 trillion dollar market cap ($11 trillion in todays inflation adjusted dollars). A multi-trillion dollar market cap for bitcoin is not just possible but also probable after the next halving.



Submitted October 17, 2019 at 07:10PM by slvbtc https://ift.tt/32rIn0Y

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