Bitcoin’s popularity is growing by leaps and bounds, especially with its impending Halving on May 12. The cryptocurrency made its appearance on the Argentine program What do we do with the weights?, emitted by the A24 signal.
The block opened with a question from a viewer on Twitter: Is Bitcoin the inversion of the pandemic? The host of the program, Mariano Otálora, commented that there are very optimistic forecasts that put Bitcoin up to US $ 500,000.
He also talked about more realistic and possible projections like reaching the 100k.
BTC has high potential
Bitcoin has high potential, stated Iván Tello, Co Founder of decrypto.la, who was interviewed live by Mariano Otálora.
He commented that in the first Bitcoin Halving its value rose from $ 30 to $ 1,200, while in the second it went from $ 600 to its all-time high of $ 20,000.
In addition, he added:
Investment fund majors do not have “physical” holdings of Bitcoin, but rather do so through the futures and derivatives market. He stressed that in the future it will be common for strong money to enter BTC, since it will be one of the quintessential active havens.
Bitcoin Halving is a process that occurs approximately every 4 years, where the miners reward decreases to 50%. From next Tuesday it will go to 6.25 BTC per block, from the current 12.5.
Bitcoin Halving ensures volatility
At the time of writing, Bitcoin is trading at $ 8,700, after having touched $ 8,100 an hour ago. The day started with a value close to 10k, clearly showing the volatility of the BTC within hours of its halving.
At this point there is no doubt that Bitcoin is a very volatile asset, which offers very good returns if purchased at opportune times. One of the best strategies that has worked is Hodl’s (Buy and Wait).
Will Hodl work until the halving of Bitcoin? We will find out in the next few hours.
From CriptoTendencia we have a special coverage of Halving, which we invite you to actively follow.