In this video, I discuss the upcoming 2020 Bitcoin halving and why it is so important. When the halving occurs on approximately May 11, the Bitcoin miners’ reward will be cut from 12.50 BTC to 6.25 BTC, which will ease the selling pressure on Bitcoin. If Bitcoin demand stays constant or increases, the price of Bitcoin should appreciate. The most bullish time for Bitcoin has historically been in the 12-18 months following the halving (which previously occurred in 2012 and 2016 as well). The enormous amount of central bank money printing should only add fuel to the fire.
Not investment advice! Consult a financial adviser.
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