In less than 15 days it's Bitcoin Halving and it promises to be huge

In less than 15 days it's Bitcoin Halving and it promises to be huge

Expected for many months, the Halving that occurs every 210,000 blocks of transactions added to the Bitcoin Blockchain will see its effects accentuated by the current macroeconomic situation. The script seems to have been written so that the effects on the price of Bitcoin will be even stronger in the coming months.

After the coronavirus, an epidemic of dollars
The coronavirus pandemic that we have been going through since the beginning of March 2020 was the trigger for the great economic crisis expected for years. March 2020 was loaded with important news from the Fed, which made several historic decisions.

The result of these historic decisions is an ever-increasing increase in the money supply of the United States dollar. This rapid increase is likely to cause a currency devaluation which will affect what all citizens have.

Such a scenario appears to have been written in advance to highlight the benefits of Bitcoin over the current monetary and financial system.

Such a scenario appears to have been written in advance to highlight the benefits of Bitcoin over the current monetary and financial system.

As the Fed admits that it can print an infinite amount of US dollars, more and more people are discovering the unique monetary policy of Bitcoin.

Bitcoin halving will take place in less than 15 days

This is something huge for Bitcoin and for the evolution of its price in the coming months, because we are now less than 15 days from an event expected for months by all the players of the Bitcoin world.

This long-awaited event is the third Bitcoin Halving that should take place around May 12, 2020 at the current rate of new blocks being added to its Blockchain.

While we are less than 15 days from this historic event for Bitcoin, the search trends of global internet users on Google show us that a real craze is emerging for this Halving:

This enthusiasm is already extremely strong since the interest in the term “Bitcoin Halving” a little less than 15 days before the event has already far exceeded that noticed in July 2016 at the time of the second Bitcoin Halving.

All of this is promising in a context where Bitcoin is increasingly seen as a bulwark against the currency devaluation to be expected in the coming months.

Many people are realizing that the current monetary and financial system is not working as it should.

These people are just wondering why the Fed can arbitrarily decide to inject more than $ 8T (eight trillion) into the fiat system, when American citizens have to settle for crumbs.

These crumbs correspond to the $ 1,200 check that each American will receive. Officially, this check is a monetary stimulus intended to help the Americans to face the economic crisis which begins.

In reality, it is primarily a means of calming the population to avoid a revolution if too many people come to realize how the monetary and financial system works.

As such, I invite you to remember what Henry Ford said:

"It is fortunate that the people of the nation do not understand our banking and monetary system, because if they understood it, I believe that there would be a revolution before tomorrow morning."

Henry Ford

Bitcoin's monetary policy intrigues more and more people.

The powerful at the head of the fiat system do not want you to realize the heresy of this system. The risk would be too great for a popular revolt to break out.

However, more and more people are no longer fooled. Many are beginning to wonder. The questions of these disappointed with the current system often lead to discover Bitcoin.

What is extremely interesting is that the people who are discovering Bitcoin today are doing so at the very moment when its superior monetary policy is going to be highlighted.

Indeed, Bitcoin Halving is what helps reduce the inflation of Bitcoin supply over time.

This automatic event occurs every 210,000 transaction blocks added to its Blockchain. The Bitcoin reward allocated to miners will thus go from 12.5 BTC to 6.25 BTC around May 12, 2020.

From this date, there will be only 900 bitcoins that will be produced every day on average.

Bitcoin supply inflation will drop below 2% for the first time in its history in 2021 to 1.8% as shown in the following graph:

In the future, this inflation of the Bitcoin supply will inevitably tend towards zero. This figure which guarantees the value of what you have in Bitcoin will be reached around 2140.

Conversely, the supply of American dollars continues to increase. Inflation of the United States dollar is even accelerating as never before with the current economic crisis and the decisions taken by the Fed to print several trillion dollars.

In the month of March 2020, the inflation of the money supply of the American dollar even reached a sad record of 6.7%:

By comparing the inflation of the US dollar to that of Bitcoin, you will quickly come to the conclusion that in one case this inflation works for you, while in the other it works against you.

Bitcoin's third halving effects are going to be huge

Looking at the decisions made by the Fed, and the American authorities, it almost seems like the script was written in advance, so perfect for Bitcoin. When Bitcoin Halving will intervene on May 12, 2020, we will always be in the heart of the economic crisis.

Those disappointed with the fiat system will boost demand for Bitcoin at a time when supply is drastically reduced.

The economics of supply and demand dictate that it will drive the price of Bitcoin up in the months to come. In my opinion, this increase which will take place in the 18 months following the third Halving of Bitcoin will be very significant.

The climax of the very strong bull market that Bitcoin will experience will occur throughout the year 2021.

No one can predict the price of Bitcoin, but to see Bitcoin surpassing the $ 50K to go towards the $ 100K at the end of the year 2021 seems to me something quite conceivable.

The coming months will be very exciting to follow, and I sincerely think that we are not at the end of our surprises with Bitcoin for which the best is still to come. This Halving is obviously one of the 5 big reasons that push me to be so confident for the price of Bitcoin in the months to come.