Crypto Will Be Big in 2020
And This Is Why
Every since the insane “bubble” of cryptocurrency in late 2017, the world has been wondering when the next rally will be.
No one knows, but the technology of blockchain and the use cases being built on top of it has continued full steam ahead in the last two years. There are many opportunities out there for the forward-looking technologist.
So, in this article, I want to walk through a few significant events happening in 2020 that could push the entire cryptocurrency market back to where it was in 2017.
1 — The Halvening
Also known as the “halving,” Every few years, Bitcoin cuts in half the amount of Bitcoin that miners can earn. This is part of the built-in scarcity of Bitcoin that gives it part of its value.
There will only ever be 21,000,000 Bitcoin, and right now, there is nowhere near that many in existence. The network mints new Bitcoins as a reward for miners keeping the network up, active, and secure.
As the total number of bitcoins gets closer and closer to the 21,000,000 mark, fewer and fewer bitcoins are created by mining. This forces scarcity and drives up the value of the coin.
There have been several halvings since the beginning of Bitcoin, and the prices have jumped…
