So I'm pretty convinced that we'll see a mega bull run next year due to the BTC halving. There's probably a LOT of wealthy people looking to invest, if the price starts to skyrocket again, but as we've seen in the past, these people are all about privacy.
Remember the Panama leakage a few years back?
https://www.bbc.com/news/live/business-35944255/page/2Wealthy people is likely to hide a ton of money in crypto, and while you could argue that most of them would hold privacy coins like XMR, there's also a fear that these will be illegal, and delisted/removed from centralized exchanges eventually.
This got me thinking, that perhaps decentralized exchanges where nobody can follow your trading history will get HUGE demand.
So perhaps it's not a bad idea to look into projects like Blocknet for the next bull run? If these DEX's takes off, the coin itself will be highly sought after.
Thoughts?
Well Next year at the time of this post was suppose to be this year for the mega bull run, but for some unforseen circumstances the btc halving did not witness such huge mega run at least not yet, we are at the end of quarter 2, still have 2 more quarters to go, so hopefully the after effect of btc halving will be at or towards the end of the year just like that of 2017,
But till now Decentralize exchange have not receive so much attention like centralize exchange, although there are new more dex lately than before but the demand still not as high as cex.
Rome wasn't built in a day.
The BTC halving WILL have a positive effect on the BTC price moving forward, but we need to be patient for it. Same for DEX's. DEX's has 10xed their volume the past year, and the amount of people trading is increasing month after month.
A year ago the Blocknet DEX had like $100 in volume/day at the very max. Recently they've hovered around $2k - $10k... Some days MUCH higher. More and more people is starting to wake up to the fact that centralized exchanges is NOT safe to trade on.