BITCOIN Halving Factual Breakdown - BTC $80K-$100K Price - Impact on XRP, ETH & Crypto Market

HEY ALL, MADE A MISTAKE WITH XRP PERCENTAGE, SHOULD BE .019%, WHICH WOULD PUT PRICE AT $15.20

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#Bitcoin #XRP #Ethereum

Preface

Markets move in Cycles

The entire Crypto market currently moves with Bitcoin

Currently in a bull market - Bitcoin bottomed in December 2018

This is also an accumulation phase

Halvening Facts

Third Bitcoin Halving Coming up in May 2020

Bitcoins first block reward was 50 BTC. This meant that every 10 minutes a bitcoin miner had 50 bitcoins sent to their wallet for confirming a transaction.

The current block reward is only 12.5 BTC, this is due to the block reward being cut in half (or halved), twice. This feature is programmed into Bitcoin and occurs every 4 years (210,000 blocks) and will continue until the last Bitcoin is mined in 2140.

The next halving is set to in May 2020, reducing the block reward to 6.25 BTC every 10 minutes. This halving could change Bitcoins price significantly, like previous halvings have done.

First Halvening

The first halving occurred on November 28th 2012 when one BTC was worth around $11. A year later, bitcoins price surged to $1,100 in 2013, a price never before seen with Bitcoin. 100x Growth!

Bitcoins price eventually fell to around $220 and it remained below $1,000 for the next few years. Even at its bottom Bitcoin was still up 20x from its price before the halving.

Second Halvening

The second halving took place in July 2016. Bitcoin maintained a price of around $600–$700 before flying to near $20,000 in the great bull run of 2017.

Bitcoin had grown over 33x from it’s price before the second halving and over 1,818x from its price before the first halving.

Upcoming Third Halvening

Bitcoin could likely hit a 10x from its price before the halving, so $80K - $100K looks possible!

Even if it did a 5X from the current price - that’s $40K!

Keep in mind supply and demand - less Bitcoin being put into market and mining becomes more difficult. Miners will need more powerful hardware so their costs will increase and they will look to sell at a higher price to maintain profitability.

Big players entering the market - Wall Street, Stock Exchanges, Banks - Bakkt, Fidelity, TD Ameritrade etc. Will buy up Bitcoin and other Crypto.

Impact on Ethereum and XRP

In 2017 Bull Run, all time highs were

Bitcoin - $20,089.00

Ethereum - $1,432.88 (7.13% of BTC Price)

XRP - $3.84 (0.019% of BTC Price)

2021 - 2022 Potential Bull Run

Bitcoin - $80,000.00 (10X Current Price)

Ethereum - $5,704 (7.13% of BTC Price)

XRP - $15.20 (0.019% of BTC Price)

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Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.