Bitcoin Becomes Maturing After the Third Halving

Abstract : Bitcoin completed the third "halving" in its history. The first block was mined by AntPool after the halving. As of 7:00 on May 12, Bitcoin (BTC) temporarily reported $ 8,600.

ChainDD
ChainDD

May 12

"The block height is 630,000, the block reward has been reduced from 12.5 BTC to 6.25 BTC, and 18.3749 million BTC (87.5%) have been mined."

At 3:23:43 on May 12, 2020, Beijing time, after four years, Bitcoin completed the third "halving" in its history. The first block was mined by AntPool after the halving. As of 7:00 on May 12, Bitcoin (BTC) temporarily reported $ 8,600.

On November 28, 2012, the bitcoin block reward was decreased from 50 BTC to 25 BTC, and the bitcoin price rose by more than 8000% in the following year; on July 10, 2016, bitcoin was halved for the second time. In the following 18 months, the price of Bitcoin rose nearly 30 times. Therefore, there is a common saying of "halving the market".

Before Bitcoin halved for the third time, because of the impact of the global epidemic, it directly knocked Bitcoin from US $ 10,000 to US $ 3,800, directly crushing all people's expectations for "halving the market." Since then, it took Bitcoin two months to repair the lost ground and return to $ 10,000.

In the market atmosphere of long bears and slow bulls, bitcoin seems to be different. It will no longer easily meet people's rising expectations, and will not be affected by the extreme impact of the epidemic.

Four years ago, when bitcoin was mentioned, many people thought of the virtual currency traded on the dark web; but today it is already a reasonable and valuable investment product in the hands of Old Money such as Wall Street hedge funds, and a weapon against inflation. This is the four years that Bitcoin has gained both the most abuse and trust, and it is also the four years that Bitcoin has entered the mainstream vision from "underground".



Share to:
Related News

Share to WeChat