{"id":133508,"date":"2020-05-15T09:00:48","date_gmt":"2020-05-15T08:00:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=133508"},"modified":"2020-05-15T04:16:42","modified_gmt":"2020-05-15T03:16:42","slug":"analyst-ethereum-2-0-will-be-a-bigger-market-catalyst-than-the-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/analyst-ethereum-2-0-will-be-a-bigger-market-catalyst-than-the-bitcoin-halving\/","title":{"rendered":"Analyst: Ethereum 2.0 will be a bigger market catalyst than the Bitcoin halving"},"content":{"rendered":"

Due to the fact that the start of historical parabolic rallies in the Bitcoin price<\/a> lined up with previous halvings, a reduction in block rewards has long been deemed the crypto market's biggest and most promising catalyst for a bull run.<\/p>\n

But the introduction of Ethereum 2.0 \u2014 a blockchain upgrade slated to dramatically improve the speed and usability of the network<\/a> \u2014 in the coming months may do more to move markets than the halving that transpired just days ago<\/a>, according to a crypto researcher.<\/p>\n

Ethereum 2.0 to be a “stronger catalyst” than Bitcoin halving<\/h2>\n

If you've read Crypto Twitter over the past few months, you likely know how much faith cryptocurrency investors have put in the halving.<\/p>\n

In fact, one prominent analyst proposed that because of the halving of its block rewards, Bitcoin has a high likelihood of reaching $288,000 in the next four years.<\/a> This model has come under fire as of late<\/a> by analysts like Alex Kr\u00fcger,<\/a> but the consensus among BTC holders is that the halving will lead to an irreparable change to the supply-demand dynamics<\/a> of the Bitcoin market that boosts prices higher.<\/p>\n

According to Messari's Ryan Watkins<\/a>, however, the launch of “ETH 2.0 is a much stronger catalyst than the Bitcoin halving simply because it's an uncertain<\/a> and fundamental change.”<\/p>\n

\n

ETH 2.0 is a much stronger catalyst than the Bitcoin halving simply because it\u2019s an uncertain and fundamental change.<\/p>\n

— Ryan Watkins (@RyanWatkins_) May 13, 2020<\/a><\/p><\/blockquote>\n