- Jason A. Williams, in his recent tweet, has mentioned that he thinks people should buy the Bitcoin before the third halving of the Coin.
- Jason says, the first halving of the Coin, which was in 2012, had prices ranged from $10 to $14 at the time of halving.
Morgan Creek Digital co-founder Jason A. Williams, in his recent tweet, has mentioned that he thinks people should buy the Bitcoin before the third halving of the Coin. He has said this by looking at facts and figures of the previous halvings of the crypt king.
Bitcoin Halving News –
In the four months prior to the 1st halving in 2012 BTC rallied from $10 to around $14 by the time of the event;
In the four months prior to the 2nd halving in 2016, Bitcoin went from $432 to $700.
BTC going into Feb at 8320. Buy?
(Remember this tweet)
— Jason A. Williams ? (@JWilliamsFstmed) January 25, 2020
Bitcoin, launched in 2009, has been accepted all over the world and is known for its vast profits. The decentralized currency created by the anonymous Satoshi Nakamoto and has made in such a way that it allows you to benefit from the mining processes.
The time when the Bitcoin blocks reach a count of 210,000, the Coin automatically halves itself as a reward for the users. This process would continue until the last Bitcoin mined, and this process would have impending benefits on the prices.
Jason says, the first halving of the Coin, which was in 2012, had prices ranged from $10 to $14 at the time of halving. Next in 2016, when the crypto halved, they also had a massive impact on the market. This time, the price soared from as high as $432 to $700 and improved for good.
The prices also rose to as much as $20,000 after the second halving. So, news of the deadline approaches nearer in May 2020, and this has been one of the major concerns of the people whether they should invest in this asset or not.
The current prices of the BTC have been up to $8320, and if we see the previous trends of the halving of the Coin, it can say that the prices may rise to a value which would skyrocket. Many of the sources, according to which the costs of the Coin may increase to as high as $400,000.