The much-anticipated event of Bitcoin halving will soon take place amidst what Coinbase describes as a “weak time of year” for cryptocurrencies. As the distribution of Bitcoin becomes more limited due to halving, investors are preparing for potential market fluctuations.
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# Experts offer insights regarding Bitcoin’s future price post-halving
MicroStrategy, a global business intelligence company, has recently announced another major investment in Bitcoin (BTC). The firm has purchased an additional $37.2 million worth of the leading cryptocurrency, just days before the anticipated Bitcoin halving event.
Bitcoin miners are gearing up for the much-anticipated halving event, scheduled to occur in May 2020. With the halving, the number of new bitcoins created per block will be cut in half, reducing the inflation rate and potentially increasing the value of the cryptocurrency. Marathon, one of the largest bitcoin mining companies in North America, is proactively preparing for this event by looking to bolster its mining operations.
