In recent days we have seen a growing interest in buying bitcoin and the price is close to $ 10K.
This price was last seen at btc 26.10.19.

What are the possible reasons?

  • Since December 2017, bitcoin has never reached its previous maximum and has gone through several stages of large volume sales.
  • It is therefore possible that the mood is improving and investors feel that the market has cleared up from panic sellers and and rise in price as well as demand.
  • In May 2020, one of the most important events for bitcoin will be the halving factor

What is halving?

  • It’s when the rewards for Bitcoin are cut in half.
  • The total will decrease from 12.5 BTC to 6.25 BTC.
  • This means that the production of new coins will be much more difficult.
  • Currently around 18 million are in circulation and BTC have a total limit of 21 million.
  • As the demands increase and Bitcoin becoming more scarce will result in an inflation in the price – simple supply and demand.
  • Block # 630 000 (estimated around May 24, 2020)

We recommend to buy BTC before HALVING.


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