This next month in May in Bitcoin will happen an event that happens every four years known Halving. It is a halving of the reward for mining the main cryptocurrency in the market.
The market adjusts its price to compensate for deficits due to halving, the profitability of its extraction for farms.
The above is observed by own and strangers in 2012 when the first halving of the BTC network. This occurred by reducing the margin of rewards from 50 BTC to 25 BTC for each block processed and confirmed.
On that occasion, the price of Bitcoin skyrocketed around 80 times. Leaving a subsequent period of distribution and consolidation that left a minimum of USD 70 in the price.
Now with the next halving to occur on May 15, 2020, when block 630,000 will be processed. The reward for the mining community will be about 6.25 BTC for each block generated every 10 minutes. Investors are preparing for a scenario similar to the previous ones when there were strong price gains and high volatility.
In addition to the reduction of the reward and the natural adaptation that the market will have to make it more sustainable.
Many analysts and experts in the field have already given their forecasts for the price of Bitcoin before and after. With the coincidence of all that the cryptocurrency will exceed the highest levels recorded in 2017.