Hello steemit friends... Now i am telling about bitcoin bull run.
history will repeat itself. Bitcoin has gone through three major market bubble cycles since its inception in 2009. The very first major cycle occurred in 2011, the second one happened during 2013, and then we had our most recent one in 2017. So, when’s the next bull-run going to happen? Nobody really knows, but if we had to bet on the next date (or year) when this may happen, it will probably be in the year 2020/2021.
You might be asking why 2021? Well, in Bitcoin, there is this event called “the Halvening” or “Halving”, whereby miners receive half the amount of Bitcoin reward for each successfully mined coin. This event occurs every four years ever since Bitcoin was created. So, the first reward was 50 Bitcoins for every 10 minutes, from 2009 – 2012. The first halving occurred on November 2012, in which the rewards dropped to 25 BTC for every 10 minutes. The second, and our most recent, halving occurred on July 2016, where the rewards dropped to 12.5 BTC per every 10 minute interval. If we are really observant, we will see that there was always a bull-run that happened the year after a halving. Why this is?…Is anyone’s guess.
On top of the upcoming halvening, we can only surmise that in three to four years, we will have more real, actual, and physical/serviceable products in the world’s marketplace. As software developers continue to build new crypto products to solve real world problems, there is zero doubt that the growth and adoption of blockchain technology and cryptocurrencies will continue. The technology will improve, while scalability will continue to reach new heights. As the tech evolves, businesses and software engineers will find newer and better use cases for cryptocurrencies. All this advancement will be expedited as more and more talent migrate from traditional technology and financial companies to cryptocurrency related organizations, which is a growing trend we are beginning to see today.
ThaNk you.
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