Altcoin News: Many Investors Don’t Know About the Approach of Bitcoin Halvening

June 7, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Asset management company Grayscale presented another research report, in which they tried to understand the circumstances of the approaching decline in rewards for adding blocks to the Bitcoin network or halving.

The most burning question for many investors is how the market will behave or, in other words, whether this event will be reflected in the price of the cryptocurrency in advance.

“In the course of communication with market participants, we were surprised to learn that many of them do not know about this event. Many investors have entered the market over the past three years, so they have never encountered any halving,” writes Grayscale.

According to the company, short-term forecasts may differ, but historical data suggests that the strategic positions that investors held at that time paid for themselves.

Image credit: Grayscale

“For investors with a multi-year investment horizon and a high-risk tolerance, the confluence of discounted prices, improving network fundamentals, strong relative investment activity and the upcoming halving may offer an attractive entry point into Bitcoin. This is especially relevant for investors building core strategic positions in Bitcoin over time,” concludes Grayscale.

While almost a year remains before the Bitcoin halving, a similar event in the Litecoin network will occur in 2 months.

Author: Marko Vidrih