BTC TO REACH 250K BY 2022, HOP ON THE BOAT WHILE YOU STILL CAN
The software that controls the Bitcoin network is set up to cut the reward – the amount of Bitcoin a miner receives for solving a block – in half at regular intervals. The first halving in 2012 cut the reward from 50 bitcoins to 25. The second was in 2016 and cut the reward to 12.5. The next halving is expected in May of 2020. The charts typically show cycles in the price of Bitcoin that suggest the halvings occur near market bottoms. They also show large jumps in the price of Bitcoin over the next several years. And according to the analytics, you can expect the price to sky rocket in given time after the next halving, flying bitcoin past the 100k mark and even a whooping 200k.
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