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More than half of the messages about halving ...

More than half of Twitter halving posts signal bitcoin growth
CONTENT

  • Almost 65% of daily halving posts carry positive expectations.

  • The number of tweets related to the reduction of cryptocurrency has grown fivefold.

  • In the coming days, bitcoin will experience the third decline in history and no one knows the exact consequences for the price..

International consortium of news organizations developing transparency standards.

Positive expectations about the upcoming bitcoin halving are increasingly being heard on social media.

The expectations of investors and hodlers from the halving outcome are mostly positive. This is the conclusion reached by The TIE analytical agency.

More than half of the messages about halving ...

Of the 2,500 daily Twitter messages about Bitcoin halving, according to a study, approximately 65% ​​are positive..

As the event approaches, the number of posts about halving on Twitter has increased fivefold in the past two weeks..

The third halving of bitcoin, scheduled for May 11, is cutting the number of new coins created and earned by miners by half. This happens approximately every four years and … More Bitcoin will reduce the miner reward from 12.5 to 6.25 bitcoins per block.

Opportunity catalyst

Many Bitcoin influencers and supporters argue that halving will be the main reason for the emergence of a new class of wealthy..

For example, Tim Draper, a well-known defender of bitcoin, believes that in 2021 the price of bitcoin will skyrocket to $ 250,000, spawning crypto-millionaires under the age of 35.

At the time of this writing, the BTC / USD rate increased by 4.69% to $ 9315. And although the growth dynamics are similar to the 2019 fractal, many mining centers will soon be forced to look for ways to hedge their risks due to the volatility of hash power..

Plan b

The lack of timely growth of bitcoin after halving can worsen the situation even more.

More than half of the messages about halving ...

Lack of a sharp rise in price in response to a reduction in miner rewards could be reflected in a panic sell-off, causing bitcoin to crash to $ 1200.

Earlier, the editorial staff of BeInCrypto wrote that an unknown large trader, who foresaw the March collapse, as a result of which Bitcoin sank by 30%, began to short the cryptocurrency again..

Such vigorous activity can signal an imminent trend change, however, there is still no definite answer among the participants of the cryptocurrency community..

What do you think? Will Bitcoin become the reason for the rapid growth of cryptocurrency, or will the crypto market again be at the mercy of bears? Share your thoughts with us in the comments.

Disclaimer

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