All You Need to Know on Bitcoin Halving and Why It Is Essential

Bitcoin Halving is an essential mechanism.

Expected for many months by the whole community, and even beyond now, Bitcoin’s third Halving will take place in less than 20 days. At the current pace of adding of the new blocks on the Bitcoin Blockchain, this third Halving should take place on May 12, 2020.

The excitement around this key event for Bitcoin is growing. This is evidenced by the volume of searches on Google for the term “Bitcoin Halving” which have never been higher since the creation of Bitcoin in 2009:

Disappointed with the current monetary and financial system, many people are beginning to consider the plan Bitcoin.

The most concrete evidence of this newfound appeal for Bitcoin is the decision by many Americans to use their stimulus check of $1,200 to purchase Bitcoin.

There are signs that do not deceive. In a world where everything is going negative, from central bank interest rates, to the price of U.S. crude oil, and to equity market returns, safe havens will play their full role in the coming months.

Gold and Bitcoin, which have posted positive performances of +15% and +5% respectively since the beginning of the year, will therefore have the wind in their sails in the coming months.

Objectively, Bitcoin is superior to gold in many ways: greater divisibility, durability, portability, recognizability, and much scarcer.

For a large majority of citizens, Bitcoin will therefore be a better solution than gold.

If you are among those who are still hesitant to take the plunge and buy your first Bitcoins, you should ask yourself a lot about what Halving is, and why it gives Bitcoin a vital advantage.

In what follows, I propose to find out everything you need to know about the Halving of Bitcoin that will take place in May 2020. More importantly, I will tell you why this event is essential for Bitcoin.