On February 2, 2020, many cryptocurrency analysts, traders and enthusiasts announced that there are only 100 days left before the third Bitcoin halving. At the moment it is expected to occur on May 12, 2020, in the early hours of the morning.
By the way, the exact time of the third Bitcoin halving event can be anticipated due to network speed fluctuations. Some countdowns, for example, that of Binance Academy, assume that it will occur on May 13, 2020.
Halving is a predetermined periodic event in the Bitcoin network that reduces rewards for Bitcoin miners by 50%. While today the reward for an extracted BTC block is 12.5 BTC, after the third halving, the miners will get only 6.25 BTC.
As a result, some low-performance miners may capitulate (disconnect their platforms) due to expected financial losses.
How will it influence the price of Bitcoin?
No one can predict the price of Bitcoin after halving. Since the second halving occurred in 2016, the next one will be the first in the era of blockchain mass adoption. As previously reported, people around the world are now looking for articles about halving. 13 times more frequently than four years ago.
According to some theories (for example, ‘Stock-to-flow’ calculations), the next halving can make the price fire at six-digit spaces very soon. However, some analysts are sure that the price will not be affected by the anticipated event.
