The long-awaited halving is very close. We are 99% on the road from the last block.
The halving event is the most anticipated in the cryptocurrency world.It will then be twice as rare in a world where fiat currency is printed on registers that have never been seen before.
Almost to the finish line
Bitcoin Block Bot (@BTCBlockBot) recently made a fun announcement. From block 627,900 we are 99% on the way to halving Bitcoin. From now on the halving is expected to take place on May 12th.
However, there has been much debate about how Bitcoin’s price will react to your halving this time. Oddly enough, Bitcoin’s RSI has never been so weak before halving. This has led some to warn that bitcoin halving may have a “price” and may not be an event compared to 2016. However, there was evidence that institutional investors are considering the top cryptocurrency the evening before your cut in half.
Analysts from Morgan Creek Digital and elsewhere have said Bitcoin will continue to decline as it approaches the cut in half and explodes to a record high in September. However, this prediction remains much bolder than most.
Bitcoin will soon have a low inflation rate
An interesting detail about the upcoming halving event is that Bitcoin inflation will be significantly lower than that of Fiat currencies.
As analyst Mati Greenspan recently emphasized, Bitcoin’s annual inflation rate will be around 1.8% after halving. The average inflation rate of fiat currencies worldwide is 3.41% compared. This alone makes Bitcoin a more attractive asset.
However, we are currently in the middle of a deflationary crisis. The ruling remains clear as to whether this low inflation rate will appeal to investors in the short term. However, it is generally said that inflationary pressure tends to increase after periods of high deflation, so Bitcoin’s long-term outlook remains strong.
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