On May 12th, 2020, the 3rd Bitcoin halving will occur, and the mining rewards will be at 6.25BTC, i.e., 50% of current mining reward of 12.5BTC per block. This halving process happens after every 210,000 blocks mined, which is roughly four years. The last two halves occurred in 2012 and 2016. Each time post-halving, the Bitcoin price in the market will rise at least 10x of the current price. Bitcoin has been created under the concept of deflation. So, lesser bitcoin will be made over time; eventually, supply will drop, and demand will rise.

The scarcity of Bitcoin in the market will increase its value. So, after halving, miners who don’t find it profitable to mine will give up, and those who continue to mine will also sell only at a profitable rate. It is not just a blind prediction; the assumption all we hear is based on what has happened after the last two halvings. Many crypto traders are making use of leverage platforms like TradeHerald and trading with a minimum deposit of just $100 worth BTC and leverage up to 100x. You can also avail of zero trading fees regularly.