The 2020 block reward halving of Bitcoin (BTC) has reportedly keeps on attracting controversial ideas, concerning its price performance, as an analyst claimed it will have no impact whatsoever.
Specifically, on December 1, Jason Williams – who co-founded digital asset fund Morgan Creek Digital – took to Twitter to share his remarks, which are opposite of the majority, claiming the marketing will still be in its current state, as a result of the halving next May.
“Bitcoin halving in May 2020 won’t do anything to the price. It will be a non-event” Williams summed up the idea.
The Bitcoin block reward halving will contribute to the decline of BTC sum awarded to miners, from 12.5 BTC down to 6.25 BTC. The event is considered to be the main factor that potentially leads to a bull market.
Different opinions from numerous analysts have appeared, regarding the actual reaction date. While a few claim to be some months prior to the event, some other believe the time would be after it.
The array of potential factors that can cause changes to the halving’s effect has been drawing controversial ideas from within the same small group of market participants.
Anthony Pompliano – who also helped co-found Morgan Creek Digital and a Bitcoin enthusiast – has hinted that standing at $7,200 will not result in immediate advantages for Bitcoin from the halving.
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