{"id":133460,"date":"2020-05-15T15:00:54","date_gmt":"2020-05-15T14:00:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=133460"},"modified":"2020-05-15T04:26:33","modified_gmt":"2020-05-15T03:26:33","slug":"data-reveals-how-2020s-bitcoin-halving-has-a-drastic-fundamental-difference-than-the-past-two","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/data-reveals-how-2020s-bitcoin-halving-has-a-drastic-fundamental-difference-than-the-past-two\/","title":{"rendered":"Data reveals how 2020’s Bitcoin halving has a drastic fundamental difference than the past two"},"content":{"rendered":"

Bitcoin\u2019s now-concluded halving was the talk of the town in 2020. The May 12 event saw immense media spotlight and institutional interest in the broader cryptocurrency space.\u00a0<\/span><\/p>\n

While some predicted an eventual drop<\/a> in prices, others cite vastly changed economic and financial conditions than the past halving as a major differentiator.\u00a0<\/span><\/p>\n

Finally a hedge<\/h2>\n

Matt D\u2019Souza, fund manager and operator of Bitcoin mining firm Blockware<\/a>, noted 2020\u2019s halving \u201crally\u201d was unlike 2016\u2019s unsustainable run, which at the time, saw Bitcoin surge by only 70 percent only to correct 33 percent and begin a 17-month long bear market.\u00a0<\/span><\/p>\n

Now, as the globe battles with the ongoing COVID-19 pandemic and reels from a strained economy; Bitcoin is emerging as a potential \u201chedge\u201d against traditional assets, mainly due to its decentralized, stateless feature and unrestricted mobility for users.\u00a0<\/span><\/p>\n

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2) Halvings are typically Buy the News, Sell the Rumor Events.
In 2020, I expect a shallower sell off than 2016 (we already corrected 20%) & only a 1.5-3 week duration max.
Now is the time to be patient & Hold – NOT day trade. The big money is in the sitting & capturing the Cycle<\/p>\n

— Matt D'Souza, CPA (@mjdsouza2) May 13, 2020<\/a><\/p><\/blockquote>\n