Press

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate. The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College, represents a multiple of bitcoin’s current price around $7,500.

In May 2020, the planned halving of "mining rewards" in the Bitcoin chain will take place. This means that the number of new bitcoin mined falls from 657,000 per year, to 328,500. According to a hedge fund manager, this could lead to the bitcoin price rising to between $ 20,000 and $ 50,000 already next year.