Multi-Billion Crypto Manager Sees Next Halving Trigger Bitcoin Price Boom

By CCN: In the past six months, the bitcoin price has increased from around $4,000 to $8,000, recording a staggering 115 percent year-to-date gain against the U.S. dollar. Historically, the bitcoin price has tended to recover a year before and after the block reward halving, a mechanism that decreases the rate in which new bitcoin is produced by miners by half. Grayscale, an investment firm that oversees more than $2 billion in assets under management in products such as the widely utilized Bitcoin Investment Trust (GBTC), sees the halving offering an attractive entry point for investors. Is bitcoin block reward

The post Multi-Billion Crypto Manager Sees Next Halving Trigger Bitcoin Price Boom appeared first on CCN

Source: Bitcoin CNN