Posted October 22, 2020 in Featured News

The result is a combination of decreased supply and increased demand for Bitcoin, creating upward price pressures. This year, Bitcoin's rate of production went from 12.5 bitcoins every ten minutes to 6.25.

Bitcoin IRA is privately funded and based in Los Angeles. In July, a major event is going to happen in the Bitcoin ecosystem: the Bitcoin reward halving. Where the first “halving” cut the mining reward from 50 bitcoins to 25, for the next four years miners will only earn 12.5 bitcoins for each block they find – not counting mining fees. LOS ANGELES, May 29, 2020 /PRNewswire/ — Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, has published a new infographic detailing Bitcoin’s third halving event—and in the aftermath what it could mean for investors. This means that the sensational “25 bitcoin”-era is coming to an end. ALL RIGHTS RESERVED. Consumers can view the full infographic here.

"Our internal data at Bitcoin IRA shows signs of increased demand for Bitcoin inside IRA & 401(k) accounts," explains Chris Kline, COO and Co-Founder at Bitcoin IRA, citing record transaction volume in April and May of 2020. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. Bitcoin’s value is unpredictable in nature; it can grow constantly and can also fall in a fraction of seconds. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More. The Bitcoin Halving Explained. Sell, sell, sell!’ And up and down we go, it’s going to be a rollercoaster, volatility will probably increase. In the 2020 halvening, the mining subsidy is going to be split from 12.5 BTC to 6.25 BTC. Others believe that persistent deflation encourages people to hold their cash as it becomes a way of earning a return. The concept was first introduced in 2008 when Satoshi Nakamoto published the now famous “ Bitcoin: A … Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins will be reached in 2140. Get notified about exclusive offers every week! With the third halving just happening in early May 2020, Bitcoin's price could soon rise to exceed $280,000. Please speak to a licensed financial professional before making any investment decisions. var jo = document.createElement('script'); Mission: Providing a framework to improve your investing PROCESS, while collecting newsworthy information about trends in business, politics and tech areas.

Additionally, the halving event in 2020 has now lowered Bitcoin's inflation rate to 1.8%, which is lower than the target rate of the U.S. dollar and other global currencies. Please speak to a licensed financial professional, Gold Bulls Find Their Voice After Significant Uncertainties Weaken June Rate Hike, After Apple Inc. WWDC Analysts Looking Toward iPhone 7, A New Judge At The Expense Of COVID Relief, Tesla’s Q3 Earnings; Big Moves In Snap, GSX, And Hertz, It’s Time to Invest in This New Type of Stock. jo.id = 'FJVoiceFeed'; ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. (function () { The truth is, nobody really knows. In the Bitcoin world, nothing is predictable, and yet, at the time when the Bitcoin reward halving is about to happen, one question remains in everyone’s mind: how will this affect the bitcoin price? Some believe that the bitcoin price will surge given the slower pace at which bitcoins will be created (thus, the shortage in supply), and others, that the halving event is well known to the community and will not surprise anyone. Consumers can view the full infographic here, http://www.prnewswire.com/news-releases/bitcoin-ira-releases-new-infographic-on-bitcoins-major-halving-event-301067536.html, UK confident about trade deal with U.S. irrespective of election outcome - Telegraph, Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share, Putnam Announces Distribution Rates for Open End Funds, Rubio Joins Cardin, Bipartisan Colleagues in Urging New Sanctions on Russia for the Poisoning of Opposition Leader Alexei Nalvany. The result is a combination of decreased supply and increased demand for Bitcoin, creating upward price pressures. })(); Check out our cornerstone topics which we update regularly by clicking below.

While it's too early to tell the exact effect this year's halving will have on the price of Bitcoin, historic data suggests that dramatic price increases could follow. Individuals interested in adding Bitcoin, other cryptocurrencies or even physical gold to their IRA can learn more at bitcoinira.com or by calling 866-333-4307. If you are interested in contributing to ValueWalk on a regular or one time basis - email us at info(at)valuewalk.com. Bitcoin is a new and complex financial asset that promises to change the financial system as we know it.

We respect your privacy. A milestone in Bitcoin’s history, the block reward will be halved for the second time today. Bitcoin was designed as an alternative to fiat currency, boasting a number of unique characteristics such as its finite supply. Since 2016, Bitcoin IRA has processed over $400 million in investments, has over 50,000 account holders, and has received more than 650 5-star client reviews. Then, record-keeping will be solely rewarded by transaction fees. The successful miner finding a new block is rewarded with newly created bitcoins and transaction fees. To understand the Bitcoin reward halving, we must first understand how bitcoins are created. The bitcoin protocol specifies that the reward for adding a block will be halved every 210,000 blocks, or approximately every four years. “My suggestion is: take a deep breath, relax, don’t try to play the casino, unless you are an experienced stock gambler – in which case, good luck to you -, seat back, relax, watch the fireworks and read the news about how bitcoin is dead or about to die because of the Halvening, and then wait until right after that when bitcoin is not yet dead.”. As Andreas Antonopoulos, information security expert, tech-entrepreneur and author, puts it: “I predict the price will go up. Aaron van Wirdum is interested in technology and how it affects social and political structures.

Bitcoin Halving is a precise event on the Bitcoin network which occurs once in four years for every 210,000 blocks. A Bitcoin halving is triggered after an increment of 210,000 Bitcoin have been mined.

Starting from mid-July 2016, miners will get 12.5 BTC per block, marking the beginning of the 3rd Reward Era. Bitcoin is generated every time a miner solves a block. Essentially, what this means is that the rate at which new bitcoins are created will be permanently reduced by 50% which will ultimately have an impact on the ecosystem. Unsubscribe at any time. It seems that the new Bitcoin era is also changing trading methods and algorithms of the stock market. The reward started off at 50 BTC per block in 2009 and decreased to 25 BTC per block in late-2014. Where the first “halving” cut the mining reward from 50 bitcoins to 25, for the next four years miners will only earn 12.5 bitcoins for each block they find – not counting mining fees. He has been covering Bitcoin since 2013, focusing on privacy, scalability and more. Shortly after the halving in 2012, Bitcoin's price increased 8,189%, and after 2016, another bull run followed with a price increase of 2,237%. document.getElementsByTagName('head')[0].appendChild(jo); The company provides a trading platform for self-directed retirement accounts which allows clients to set up a qualified digital asset IRA account, transfer funds from an existing IRA custodian, execute trades in real-time 24/7 through a leading exchange, and store the funds in an industry leading multi-signature digital wallet from BitGo, Inc. Since to the last halving almost four years ago, Bitcoin’s experienced spectacular growth, in every conceivable way. We won't send you spam. jo.src = 'https://www.financialjuice.com/widgets/voice-player.js?mode=inline&display=1&container=FJ-voice-news-player&info=valuewalk&r=' + r; jo.type = 'text/javascript'; Since money creation is limited to a finite number of bitcoins, there will be a point where, as demand rises, the value of the currency will only go up. 12.5 new Bitcoins are being created every 10 minutes, but the number will be reduced to 6.25 due to the increased complexity of mining. The Halving: Then & Now – a Bitcoin Magazine Infographic A milestone in Bitcoin’s history, the block reward will be halved for the second time today. Bitcoin is a digital asset and a peer-to-peer payment network operating on a cryptographic protocol. Hodls BTC. "As more investors look for retirement alternatives to the traditional stock market and awareness of cryptocurrency continues to build, a promising trend will continue for Bitcoin.". Learn more about Bitcoin IRA at bitcoinira.com or call 866-333-4307. Mining is essentially a record-keeping service. The Bitcoin halving, which occurs every four years, is a monumental event for the cryptocurrency in which the rate of supply of Bitcoin is cut in half. Maybe THAT kind of insight makes it clear that ValueWalk Premium is worth another look. © 2020 VALUEWALK LLC. var r = Math.floor(Math.random() * (9999 - 0 + 1) + 0); Compared to the US$1.4 trillion in the US currency in circulation, bitcoin’s modest market capitalization currently stands at a humble US$10 billion. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications. Now, there are 18.38 million in circulation. Basically, the amount of BTC miners can earn as a reward for validating the next Bitcoin block is cut in half. ‘So the Halvening is coming, I think it will go up. In this scenario, the economy would be starved of funds for investment and won’t be able to grow, according to Matthew Yglesias, an economics journalist at Slate. Buy, buy buy!’ […] ‘I don’t know, I’m not too sure, I’m worried. The reward started off at 50 BTC per block in 2009 and decreased to 25 BTC per block in late-2014. Subscribe to ValueWalk Newsletter.

The Bitcoin protocol was designed this way to simulate a commodity, like gold. The fact that bitcoin is a deflationary currency won’t necessarily prevent it from thriving as many other deflationary currencies have flourished in the past, according to Simon Johnson, a professor of entrepreneurship at the MIT Sloan School of Management. According to Satoshi, bitcoins should not be mined after it reaches 21 million. The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review.

The Bitcoin Halving is an event pre-determined by Bitcoin’s programming where mining rewards are cut in half. This year, Bitcoin's rate of production went from 12.5 bitcoins every ten minutes to 6.25.

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