Why should you buy Bitcoin right now?

We are not in the best market situation besides the upward movement of bitcoin in 2017 when it reached the price of almost 20,000 USD but still there is a reason that you should consider in order to invest in bitcoin and that reason is the halving.

According to the basic economic rule of offer/demand, when there is too much demand but low offer the price goes up, it’s normal and always happen, but, how do we apply this to bitcoin? As I wrote, the halving.

The halving is a normal process that happens to “slow down” the mining, since the mining activity (in this case) produces more bitcoin, as miners find new blocks and they are rewarded by their computer power.

Right now the reward for every block mined is 12.5 BTC/block. So, bitcoin and cryptocurrency are being used more and more as time goes, more people are interested in blockchain techonology, this can be translated in demand. The offer are those 12.5 BTC, if we cut the rewards to 6.25 BTC, because that is what halving does, what do you think can happen in the market as this demand is increasing a lot? Exactly, the value of the coin goes up, as other coins as well.

That’s why you need to see bitcoin as a long term strategy, you could be surprised in a few years. Besides, the Fiat currency (US dollar, Euro, and others) are becoming less important and bitcoin has more value than a US Dollar and technology evolution is going very fast you should consider this cryptocurrency world as the future of payments, since slowly it’s moving away the traditional payment methods.

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