Bitcoin Halving Could Leave Price at $20K-$50K?

$20-50K says Charles Hwang but I say MUCH, much higher. MUCH HIGHER!

Bitcoin Halving Could Leave Price at $20K-$50K

The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College, represents a multiple of bitcoin’s current price around $7,500.

Hwang wrote in a post on Medium that he assumed demand holds steady at 633,000 bitcoin through 2021, while mining rewards drop to 328,500 bitcoin a year from the current pace of 657,000 a year.

“This sudden shift in the supply curve will most likely be the catalyst for the next bitcoin bull run,” Hwang wrote in the post.

Lightning Capital is a small hedge fund, with roughly $500,000 of assets, but Hwang’s prediction adds to a growing number of estimates from investors and analysts trying to gauge the potential impact of the halving – where the number of bitcoin mining rewards created every 10 minutes is sliced in half. The cut happens every four years, in accordance with the cryptocurrency’s 11-year-old design.

https://www.coindesk.com/bitcoin-halving-could-leave-price-at-20k-50k-hedge-fund-manager-says

Master Asked on December 10, 2019 in Bitcoin.
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