2020 Bitcoin Halving Explained: The perfect investment opportunity?

Just a few days after the historical 2020 Bitcoin halving, crypto investors have been psyched up for the perfect investment opportunity in BTC this year. Unawares, most Bitcoin investors expect a significant price swing to happen after the third Bitcoin halving and most certainly want to seize the moment by making a fortune out of it.

Laying it on the line without sparking an interest or anything, it is true that there has been a rise in BTC price after the halving events. But still, it is needless to say that no one really knows when the price of bitcoin would spike. It could take a day, a month or even years.

During the first halving, bitcoin’s market price rose by over 90% from $10 to $1, 180. Consequently, a similar pattern was observed in the second halving where BTC price spiked from $600 to $2, 800 at the end of 2016 before reaching an all-time high of nearly $20, 000 dollars in Dec.2017