SANBASE SIGNALS

May 12, 2020

Our fourth edition of Bold Predictions comes just hours after the long-awaited halving, an event in Bitcoin that occurs just once every four years. Why was it such a highly anticipated event? Well, every four years, the reward for miners mining Bitcoin blocks halves, which is a double-edged sword for the crypto community. On one hand, it is demotivating for BTC miners to continue mining at the speeds they were prior to the halving at the current prices. On the other hand, it means that those that were already mined and circulating in the markets have a temporarily higher value while mining slows and existing assets become more scarce. As a result of this, there is always speculation regarding whether the immediate aftermath as the final block is mined, leading into the new era with