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. Bitcoin

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.

Bitcoin inflation

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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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend to present sufficient information to make a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those listed in the content of this article.


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