When it comes to Bitcoin, we’re in the midst of a price surge not seen since the famous bull run of late 2017.
The leading cryptocurrency by market capitalization is currently trading at around $9,000 after starting the year below $4,000.
This represents a gain of more than 125% in just six months, and many are wondering if it’s too late to get involved.
One key event that’s helping to drive Bitcoin’s price higher is the halving, which is set to occur in May 2020.
The halving is a milestone event that happens every four years and cuts in half the rewards given to miners for verifying transactions on the Bitcoin network.
NOTE: This is a warning note about the potential risks associated with investing in Bitcoin prior to the halving event. Please take caution when considering this type of investment as there is no guarantee that the value of Bitcoin will increase following the halving. Investing in any form of cryptocurrency carries a significant amount of risk and should only be done with money that you are prepared to lose. Additionally, please ensure you do your own research and seek professional financial advice before making any investment decision.
As a result, the supply of new BTC coming into circulation will be reduced, theoretically leading to increased demand and higher prices.
With the halving just around the corner, many investors are wondering if they should buy Bitcoin now or wait to see how things play out.
Here’s a look at some of the key factors you should consider before making a decision.
Bitcoin’s price is rising in anticipation of the halving.
If you want to buy Bitcoin before the halving, you should do so soon.
The halving is set to occur in May 2020 and will reduce the rewards given to miners for verifying transactions on the Bitcoin network.
9 Related Question Answers Found
When it comes to Bitcoin, the question of whether to buy before or after the halving is a tough one. On one hand, buying before the halving could mean getting in on the action early and potentially seeing some serious gains. On the other hand, buying after the halving could mean getting in at a lower price and potentially seeing even bigger gains.
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