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Bitcoin, Ethereum, Litecoin Mining Difficulty Halving Has the Potential to Create Bull Run

  • Darryn Pollock
    🤷 Opinions

    Historically, the lead-up to a block reward halving has usually been met with a bullish run in prices.


Bitcoin, Ethereum, Litecoin Mining Difficulty Halving Has the Potential to Create Bull Run
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There is historical reason to believe that the likes of Bitcoin, Ethereum, and Litecoin, could, in the mid-term future, start a bit of a bull run because of their block reward halving, which is approaching for the three prominent cryptocurrencies.

When it comes to block reward halving, Proof-of-Work coins such as the ones listed above become harder to mine, bringing into the equation the scarcity of the assets in terms of supply and demand.


It is because of this that there is evidence suggesting that harder difficulty in acquiring the aforementioned coins could lead to bullish tendencies for their prices.

A trifecta of halving

Litecoin is the first of the three that is expected to get harder to mine as its halving is due in August this year. ETH is reducing its block reward by 33 percent in February, and Bitcoin’s halving is just over a year away, due May 2020.

While these dates seem quite far off, especially in a quick-moving cryptocurrency market, it has been suggested by a trader that there has historically been a Bitcoin pump a year before its halvings.

Bitcoin is expected to see its block reward decline by 50 percent by May 2020, which will decrease the rate in which new coins are mined. The block reward halving will limit the circulating supply of Bitcoin. If the demand for the asset remains the same or increases, it could have an impact on its price trend.

👉MUST READ What is Bitcoin Halving and When Next Bitcoin Halving Occurs
What is Bitcoin Halving and When Next Bitcoin Halving Occurs

Factored in?

However, there is also evidence suggesting that these halvings have already been factored in, but even if it were so, it is difficult to conclude absolutely.

Chainalysis senior economist Kim Grauer has said it is complex to conclude whether the decline in the circulating supply of Bitcoin is already priced in.

“That is a very complex question. On the one hand, direct calculations about market cap do not take lost coins into consideration. Considering how highly speculative this field is, those market cap calculations may make it into economic models of the market that impact spending activity,” Grauer said.

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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

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