According to Halving on May 12thSimon Peters, an analyst at the broker eToro, firmly expects that the upcoming bitcoin halving will lead to a significant increase in investors in bitcoin within a few days.As a result of the halving, analyst Simon Peters, who works for the investment platform, is not only expecting an increase in the Bitcoin price. In his opinion, the number of investors in the crypto sector as a whole will also increase rapidly.The halving should take place on the upcoming May 12, 2020.
Bitcoin rate will decrease
The rate in circulation Bitcoin will decrease by half after that. A whole range of analysts made forecasts of the likely acceptance trend due to the reduced offer. The vast majority see the additional liquidity as a good, positive price signal.Peters attests that those involved in the first halving had previously been active in this asset class.Examples of members of this group of investors were blockchain researchers and programmers who were concerned with the further development of crypto with a view to a revolutionary monetary system. A system that is not controlled by the state or by banks.Interest rose in the wake of Bitcoin’s last big bull run after its third halving in 2016. The leading cryptocurrency attracted investors worldwide and gained increasing attention in the so-called mainstream, which led to prices that almost peaked at $ 20,000 led.