Bitcoin Block Reward Will Halve in May 2020. How Will It Affect the Price?

Stephan Cummings
2 min readJan 10, 2019

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I recommend you to look into the charts to see if there any pattern that took place during the past halvenings.

As you can see the Bitcoin price performed a 300% increase year before the reward went from 50 to 25 BTC ($3 to $10), and then the price skyrocketed growing x20 during the next several month (the price went from $10 to $200).
It may seem creepy but the entire scenario had repeated itself with all accuracy the next time: year before the halvening (25 BTC to 12.5 BTC) the price increased on 300% going from $300 to $1,000. Then the following year after the halvening of block reward the Bitcoin price went from $1,000 to $20,000.
If this trend appear to be strong, we will witness 300% decrease of the Bitcoin price in May of 2019 (probably the price will jump from $3,000 to $10,000) and then around May of 2021 we will see the price of Bitcoin reaching $200,000. Is it realistic? I’m not sure, but past trends promise us this scenario. So it’s better to get ready.

P.S.

I hate all the attempts to predict the future prices, I’ve only wanted to show you that the pattern exists, and it’s better to think of its meaning.

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