BREAKDOWN: 9 Reasons Why Bitcoin Has Never Been Stronger Going Into a Halving

From surging price and all-time-high hash rates, to Paul Tudor Jones and narrative relevance, a look at the strength of BTC heading into next week’s halving.

May 7, 2020

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ABOUT

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The bitcoin halving is just a few days away and the growing excitement is palpable. On this episode of The Breakdown, NLW argues that the excitement is also legitimate, and looks at nine reasons why bitcoin has never been stronger going into one of its every-four-year issuance reductions:

Price
Hash rate
Mining competition
Accessibility and Services
Infrastructure
Institutional awareness and participation
Narrative relevance
Perceived and real resilience
Lindy effects

Oh, and let’s not forget. Paul Tudor Jones just disclosed that he is invested in bitcoin and sees it as a hedge against ‘great monetary inflation’

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CoinDesk

CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.

We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.