03/05/2020
While Bitcoin holders, developers, users, investors and speculators are poised for the third Bitcoin Halving on 12th May 2020, Bitcoin trade in Malaysia increases.
Although the Halving has occurred just twice in Bitcoin’s 11-year life, historically the event has been followed by a massive rise in price. The first Halving occurred in November 2012 and Bitcoin experienced price appreciation of ~9,200% a year after the event. Similarly, the second Halving saw Bitcoin appreciate ~2,900% to reach its all-time high of $20,000 eighteen months after the event.
The last two Halvings happened during the longest bull market in modern history, spanning 11 years and all major asset classes. This time is completely different. The coronavirus-induced lockdowns have set the stage for a deep global recession and what % will the rise reach..... ???
Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting subs…