Bitcoin will experience a halving next year, and the block award in the network will be halved.
Thanks to these halvings at Bitcoin, the supply-demand balance is readjusted every four years. In addition, thanks to halving, BTC’s supply can be managed better.
Does BTC rise?
Many crypto currency commentators are looking at this process with great expectations. According to these names, the block award fell from 12.5 BTC to 6.25 BTC, which means a lot to Bitcoin.
They think that Bitcoin’s new supply-demand balance will fuel the BTC price and BTC will move up. In an article we shared the other day, we shared the views of Jason Williams, one of the founders of Morgan Creek.
Williams says that this halvinging will not affect the BTC price much in the coming months and that the BTC price will not increase immediately.
Alistair Milne, a well-known figure in the industry, made striking claims about halving in his statements on the subject.
Milne thinks names like Jason Williams are wrong. Because in his view there is almost no possibility that the BTC price will not rise after halving.
Milne says the block award will be reduced by half and the amount of BTC that will enter the market weekly will decrease. According to his statements, some demands will not be met after the BTC amount has decreased. Milne thinks that the BTC price will go up at this point.