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RE: BTC - Everything you need to know for the next Bitcoin Bubble

in #bitcoin5 years ago

Dear @jrcornel

Bitcoin is going to have another bubble, and it's likely coming after the next Halving

That statement would suggest (at least to me) that the reason why we will experience next bubble is related to decreased supply of new BTC.

At that would mean that correct is following assumption currently miners are dumping large amount of BTC and they are main cause of selling pressure.

In my opinion halving will not increase demand and simply by reducing selling pressure coming only from miners, we won't really be able to reach new state of bubble. Especially since hostile environment, lack of regulations and lack of certainty across the globe didn't change a bit. Until this will change - serious investors will stay away from anything related to crypto, ICOs, STOs etc.

Great read.
Cheers, Piotr