Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Bitcoin Halving: A Currency Outside of Political Influence

By Jacob Wolinsky. Originally published at ValueWalk.

Bitcoin halvings Custody Services

Below are comments from Guy Hirsch, Managing Director of eToro US, on the Bitcoin halving.


Q1 2020 hedge fund letters, conferences and more

Guy Hirsch, Managing Director of eToro US, comments: “The Bitcoin protocol has a monetary policy built into the code and it is therefore not bound by political or other external manipulation. eToro believes more people will be drawn to buy and trade bitcoin because the crypto cannot be altered through political pressure.”

Price Of Bitcoin Post-Halvings

The price of bitcoin showed exponential gains following the previous halvings in 2012 and 2016. The pre-programmed cutting of the block reward is perceived as a key driver of potential upward price action, since it increases BTC’s market scarcity. Bitcoin has a fixed supply of 21 million BTC, with roughly 18.3 million having been mined to-date.

Every 210,000 blocks bitcoin will hold a stronger stock to flow ratio, which makes bitcoin a real source of value. Central banks have now made printing trillions of dollars a normal occurrence, which is not sustainable.

Diversifying Portfolio With Cryptomarket

Guy Hirsch comments: “We have already seen bitcoin bounce back from its losses stemming from the pandemic market reaction. The cryptomarket is increasingly being viewed as a safe haven to diversify portfolios.”

Since the outbreak of COVID-19, eToro has experienced a surge in registered users, most likely due to the lack of trust in the current fiat system as people search for alternative means of value. If the price rallies post-halving then it could be a sign of bitcoin’s resilience.

Globally, eToro has over 12 million registered users across more than 140 countries and will soon be bringing its commission free stocks offering to the US market. This past March, registrations on eToro increased over 220 percent in the US compared to the same month last year.

The post Bitcoin Halving: A Currency Outside of Political Influence appeared first on .

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!