Visa’s Head of Crypto Reveals What Bitcoin (BTC) Would Benefit From Central Bank Digital Currencies
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The much-awaited Bitcoin halving is close by. It’s scheduled to hold in May 2020. This is the event most Bitcoin investors and traders have been anticipating. Its historical and favorable end product makes it a very popular event.

It is generally believed that BTC usually experiences significant price uptrend some months before and after halving. This has brought the recent tweet of a Morgan Creek Digital co-founder, Jason A. Williams, as he reiterated history, informing the crypto community that now that Bitcoin is closer to be priced below $8,300 is the best time to buy the cryptocurrency.

He pointed out that 4 months before the first halving in 2012, Bitcoin price experienced a significant uptrend from $10 to $14. He also informed that such price action played out four months prior to the second halving in 2016. Back then, BTC skyrocketed from $432 to $700.

He said “Bitcoin Halving News – In the four months prior to the 1st halving in 2012 BTC rallied from $10 to around $14 by the time of the event; In the four months prior to the 2nd halving in 2016, Bitcoin went from $432 to $700. BTC going into Feb at 8320. Buy?”

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The majority of the present members of the crypto community were not in the system during the first and second Bitcoin halving. So, everyone somewhat keeps calm to witness how things unfold.

Some analysts have many times claimed that Bitcoin halving has already priced in, claiming that the cryptocurrency community should not expect a big impact on the part of the much talked about and anticipated event, while some others keep claiming otherwise.

Bitcoin has once again surged above $8,300 price level, the support it reportedly lost a few hours ago. At the time of filing this report, BTC is trading at $8,338.54, with a 0.16% price uptrend in the last 24 hours.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.