6 Charts on Bitcoin Halving, Price and COVID-19

A Bitcoin Halving is usually followed by a bull run. How will 2020 differ?

These Bitcoin Halving charts suggest what has happened with past splits, and what could happen in 2020.

The 2020 Bitcoin Halving is less than a month away. Will it spur a bull run?

For cryptocurrency investors, decreasing block mining rewards and the distrust in fiat (government-backed currency like the UDD) incited by the COVID-19 pandemic could create a perfect opportunity for a price rally.

Why? Because sometime in early May, mining Bitcoin (BTC) will become half as rewarding as it is today. For Bitcoin investors, rather than miners, this is a good thing. And combined with the U.S. government’s COVID-19 stimulus package, a good thing could become great.

What exactly will happen during the 2020 Bitcoin Halving? Given the cryptocurrency’s innate volatility and the general climate of volatility brought forth by the pandemic, it’s almost impossible to say. Consider these 6 charts, and make your own determination.

The following is not investment advice. It is written exclusively for educational purposes.

What Is a Bitcoin Halving?

As determined by BTC’s original code, a Bitcoin Halving is when the mining block reward is cut in half. In other words, every 210,000 blocks, it…