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.
Bitcoin halving is a little off this year because of the pandemic as you can see there is a very big crash that happened with the result of the pandemic and even if we are slowly pushing the market upward, we are still very far from bull season where most of the halving trigger it. But we will be able to trigger the bull season after the bitcoin halving then we can say that it is effective.
And for the bitcoin to highlight it's usage compare to gold and US dollar will surely to take a while to be recognize but in the future, the possibility is there for bitcoin to become the main currency.