“True digital money OVER fiat any day!”
The BTC “halving” coming up on May 13, 2020 isn’t a kind of stock split, where
the price of BTC gets cut in half and you get twice as many BTC … “halving”
refers to the amount that’s paid from the BTC system to “miners”, those that
verify BTC transactions in 250,000 transaction blocks, all the way back to the
“genesis” [first] trade in 2009 … this insures the integrity of the entire system,
for the block chain community to know that every single transaction from the
very first, right up to your BTC transaction is legit an hasn’t been messed with
inside its unique “hash cube” … and what happens on May 13, is that those
miners will start receiving half the amount of BTC for their work than before
… this will be the first time the amount will be set LOWER than the U.S. CPI
inflation rate in BTC history.
Every other time there was a “halving” in the past, within 6 months BTC sky
rocketed in price … given that every central bank in the world is running the
CNTRL-P machine 24/7/365, you can expect over time for any fiat to depreciate
in value and you lose purchasing power … not so with BTC, and it’s why IMHO
it’s gonna eventually do what John McAfee says, which is hit $1,000,000 per
1 BTC in the future … so, buckle up!
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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