Today there is great interest from the active community in the cryptocurrency system, depending on the event bitcoin halving 2020 that will take place in May.
That is why web pages such as ChangeNOW become relevant sources of information since through their portal they guide, advise and support that community that has great concerns about the subject.
The Bitcoin halving for the year 2020 is scheduled for the middle of the month of May, the network by that time will process the 630,000 block and the reward for the creation of blocks will be halved, going from 12.5 BTC to 6.25 BTC that are generated every 10 minutes.
The creator of the network designed these events to guarantee its sustainability over time. Without these rules, the cryptocurrency would not possibly have the value it currently holds. Processes similar to the one that will occur, have happened approximately every 4 years, the first in 2012 and the second in 2016.
Based on what happened in those two events, experts in the field predict what to expect for Bitcoin halving 2020:
• Bitcoin as a cryptocurrency must experience an organic increase in its value, which will strengthen the popularity of BTC among high-level traders and large corporations.
• A decline in the levels of inflation linked to Bitcoin will be generated, which will produce a greater recollection of the cryptocurrency as a way to store value, especially in countries and regions where their economies are not fully entrenched.
• For normal users who use BTC for their daily transactions there will be no consequence. They will be able to continue using their wallets as normal.
• For miners, although they will receive 50% less reward, their work will be attractive since the value of the cryptocurrency increases and therefore its demand increases.
• Being the most scarce Bitcoin, for speculators it is the perfect time to excessively increase its value. Those who know how to operate under these circumstances will obtain great profits.
If you do not have clear knowledge on the subject, you risk losing large sums of money due to inappropriate transactions, so it is important to have a team of experts like ChangeNOW.