Halving is an important event and has been present in the Bitcoin source code since the beginning, being the main element of inflationary control and the biggest impact on the price of the 21 million Bitcoins to be issued.

Therefore, in the genesis block, in 2009, the miners received 50 BTC as a reward. This has already been reduced to 25 BTC in 2012 and again to 12.5 BTC in 2016, and 6.25 in 2020.

After halving, the price rose from $12 in November 2012 to a maximum of $1,100 in November 2013. Similarly, the second halving caused the price to rise sharply 11 months later, from $650 in July 2016 to over $2,500 in May 2017.

The most direct interpretation of this is that the halving introduces a restriction of supply, boosting demand, always between 200 days and 16 months.

In the first halving price increase, we saw a 37-fold increase from $31.50 to $1,178. From the 2nd to the 3rd halving, we saw a 16-fold increase from $1,178 to $19,800.

Price performance after halving

The Bitcoin rally after the 2016 halving started 2 months after the event. This year, the price of Bitcoin fell after the May 11, 2020 halving, followed by unusually high volatility that lasted 30 days.

On July 28, approximately 2 months after the halving, the price of Bitcoin finally broke the $11,000 barrier for the first time in 349 days. At the time of this writing, Bitcoin was around $11,712 and had increased by 36.1% since the reduction of the miners‘ commission.

Bitcoin will reach $340,000 if the price repeats the 2016 halving cycle pattern

With the price of Bitcoin System finally breaking the $10,000 barrier for the first time since September 2019, it may not be a surprise that people are looking to invest in Bitcoin.

We’re in a rally, the data suggest

According to a recent Glassnode report, Glassnode added that every time the profitability of the UTXO metric, which looks at Bitcoin’s unspent inventories, exceeds 95%, we are faced with a rebound that could last up to 3 months. This information is also analyzed by IntoTheBlock and confirms the same expectation, as we can see in the graph below.

As can be seen in the graph above, the number of addresses with a retention period of less than 30 days, which IntoTheBlock classifies as „merchants“, has increased over the past two months, reaching a 12-month high of 3.18 million addresses with a total of 1.94 million BTC.

Did you ever imagine what you’d do if you had more than 1,000 BTCs? Or better yet, what would you do with 343,594 BTC? Pretty much what we think. However, you’d have to ask Grayscale, who bought a third of all the Bitcoin mined in the last 100 days.

According to its website, Grayscale is a company that provides secure access and diversified exposure to the crypto asset class. So it’s not surprising that their interest in Bitcoin is growing over time.

To be exact, in the last 100 days, Grayscale has increased its holdings and purchased more than 60,000 BTCs. Institutional investors, who make up 88% of Grayscale’s client base, are a key part of this.
The Bitcoin trend remains stable, but…

How do you interpret this action by Grayscale in acquiring Bitcoin so prominently?

There are several conclusions we can draw from this fact. However, before we reach them, we can say that the source of these figures is the actions of the Grayscale Bitcoin Trust. This is the work that r/CryptoCurrency has been doing on Reddit for the last 3 years.

It can be said that this renewed interest was influenced by

1. slated to transition
2. issued a ban on icos
3. released new details
4. blockchain infrastructure company
5. previous margin offering
6. sec broker-dealer guidance
7. developing countries like india, for example,
8. presented to the sec
9. saw the value
10. came to an end

Halving, and all the expectation that was generated around it. Therefore, we cannot ignore what the sum of 60,000 BTC represents, which has increased in value from March.

According to the same r/CryptoCurrency report, this considerable increase occurred especially at the end of April. If we look at it in a broader time frame, we will notice that in December of last year the Grayscale Bitcoin Trust fund had only increased by 30,000 BTC from 2018.

Grayscale handles much of the BTC generated in 2020, thanks to the increased interest of institutional investors in this krypton currency.

How to invest in Bitcoin futures with Binance?

Conclusions
In the last 100 days, Grayscale’s ownership of Bitcoin increased twice as much as it did in an entire year. This suggests that investors who were involved in this were holding a bullish expectation, most likely because of Halving.

As the presence of institutional investors in this fund has also increased considerably over the past two years or so, we can say that more are joining the crypt-currency industry every day.

And these figures are only from Grayscale’s Bitcoin-based investment fund, but the same is true for other funds such as Grayscale’s Ethereum Trust.

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Seychellen, Hongkong und Bermudas dürfen wegen anhaltender Compliance nicht auf den BitMEX-Kryptotausch zugreifen.

Sicherstellung der kontinuierlichen Compliance

Die anhaltende Kryptoakzeptanz wurde vor allem durch die Börsen des Ökosystems vorangetrieben, die wie die Erfahrungen zeigen als Gateway für viele Anwender auf der ganzen Welt dienen. In einem kürzlich veröffentlichten Blog-Post, der Details zur „Sicherstellung der kontinuierlichen Compliance“ der Plattform enthält, hat BitMEX eine schockierende Enthüllung gemacht,

„Die Seychellen, Hongkong und die Bermudas werden in die Liste der Länder aufgenommen, die bereits für den Zugang zu BitMEX eingeschränkt sind.“

Sicherheit der Fonds und die Stabilität der Plattform

Nach Angaben der offiziellen Stelle zielt der Schritt von BitMEX zur Einschränkung der oben genannten Regionen darauf ab, „die Sicherheit der Fonds und die Stabilität der Plattform“ zu gewährleisten. Unter Berufung auf „Sicherheit“ und „Stabilität“ als Hauptgrund entschied sich BitMEX, den Zugang zu BitMEX für Benutzer in den Ländern, in denen sich HDR-angeschlossene Mitarbeiter und Büros befinden, zu beschränken“.

Während das Unternehmen betont hat, dass diese Entscheidung keine direkten finanziellen Auswirkungen auf das Geschäft der BitMEX haben wird, hat es betont, dass sie einige wenige Personen betreffen kann, die zu einem späteren Zeitpunkt vom BitMEX-Team kontaktiert werden.

Obwohl die Community die anhaltenden internen Spannungen als Hauptgrund für diese Entwicklung anführt, hat die Entscheidung begonnen, die Augenbrauen zu heben, da sie den Status der „finanziellen Gleichheit“ in Frage stellt, mit dem sich die Kryptowährungen rühmen.