Will bitcoin go back to its old ways according to the law of halving in the past?
The only difference is novel coronavirus epidemic has great impact on the economy, and all central banks are letting water go.
How is this money going to the currency market? How can bitcoin highlight the legal currency siege and become an important option for global asset allocation, rather than gold or the US dollar.
Halving is not meant for about changing anything. It is only cutting the supply amount which gives a huge impact on the market price but we've thought that this could create a new beginning? Well, it has nothing to do with that because, after that, it will turn back to its normal market supply.
We may have to stop thinking about how halving can do in front of this pandemic because we like it or not, it won't give a huge pump as the support level still at low when it compares to the previous halving.