- It’s just around the corner and has many crypto enthusiasts on the edge of their seats waiting to see what will happen with the May halving.
- Many people are both nervous and excited about the future of the protocol.
- Because of the halving, many expect bitcoin will see new highs...
It’s just around the corner and has many crypto enthusiasts on the edge of their seats waiting to see what will happen in the May halving, seeing Bitcoin split into two. Many people are both nervous and excited about the future of the protocol. Following the event, mining rewards will become a lot more scarce and because of the halving, many expect bitcoin will see new highs - further than its previous all-time high of $20,000.
There was a significant resurgence of sorts in January. Despite such an impressive rally, the latest data from Kraken shows a significant growth in the number of whale addresses as well as hectic volatility.
The CEO and founder of eToro, Yoni Assia has said that it’s not just going to be a volatile year but the next decade is going to be extremely sketchy in terms of price.
Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice! Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Assia further said in the latest episode of the Venture Coinist podcast:
“I’m generally positive and bullish towards halving. Having said that, my view is that a big part of Bitcoin price is in the Bitcoin swings. The $1000-$2000 here and there, are still somewhat impacted significantly by the actions of the whales.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!