Bitcoin Forum

I hear a lot of discussion around BTC halving that is expected in May 2020.
Many people are confident that this event will trigger the next bull run.

What is the logic behind this?

Every 4 years, the block reward drops in half, which is commonly known as the halving event.

The current block reward is 12.5 BTC being minted roughly every 10 minutes.

After the halving, only 6.25 BTC will be minted every 10 minutes.

This means that there will be fewer coins being sold by the miners.

Supply drops, demand stays the same. Price goes up.

How does supply drop?

There is currently 17'947'512 total bitcoin available. Out of those 17'947'512 around 3% is being traded daily. There are still 97% left in supply to be traded. Okay lets say there is still around 80% left due to the fact that lots of bitcoins are lost somewhere never to be found.

So where does this shortage of supply comes?

Why should people suddenly start buying more BTC?

People are presuming on the thing do happened on the last halving of BTC where it did shoot up its price  and they are very positive on it just like on the thing I had able to read up https://www.newsbtc.com/2019/07/14/refreshed-model-bitcoin-btc-to-see-100000-after-2020s-halving/ but I would say we might not able to see the same thing yet no ones able to guarantee on what would happen ahead.

Price will should up on 2 possible reason either on Hype or simply btc do have higher demand.Come to think on halving that it would be cut into half and if the said demand do significantly rise up then expect for its value to rise up.

People don't start buying more BTC, the demand stays the same.

It's the supply side of the equation that changes.

As you pointed out, only a very small percentage of the BTC is being actively traded. Of that small percentage, the mined BTC makes up a significant percentage. When the miners start getting paid half of what they are paid now per block, that's when the supply starts to decrease.

Of course, when this causes the price to spike up, news outlets start talking about Bitcoin, which makes more people buy, rising the price, making more people talk about it, making more people buy... you get the point :)

Halvening doesn't trigger a bull run as soon as it happens, it just pushed the price up over long periods of time, because it's a very predictable event, so it's priced in long before it happens. Historically halvenings coincided with bull runs, so people expect it to happen again, but we already had bull run when Bitcoin went from $3,000 to $13,000 this year - I believe this was also caused by the upcoming halvening. So maybe the bull run in next year won't be as huge as some people expect.

Guess your right. A halving have never cause a big bull run. Maybe it gives just a small boost but the normal grow like this year is much better then a sudden grow which mostly follows by a drop

New supply drops because the number of coins created per block is cut in half, as explained above.

There is no guarantee it will impact price, in fact at the past halvings it hasn't immediately it has been months that it occurred because people have anticipated it.  If miners are selling many of their newly mined coins to cover costs and the number of new coins available on the market immediately drops by halve while new demand for coins remains the same, something will change in order to reach equilibrium of supply and demand.  Often that is price: half the number of new coins, unchanged demand for bitcoin means price increases.

Your static analysis ignores the fact that someone is purchasing the new supply and the number of coins available does not remain 17,947,512 but increases every block.

The logic is, less availability of bitcoin, of course. Good 'ol Supply and Demand.

Of course, just because there will be half production of bitcoins, doesn't necessarily means the market will suddenly value bitcoin twice as much. For starters, there is the already mined bitcoin in circulation... (about 18 million of 21).

As you can see, every time this occurs, price should rise less and less. Of course deviation based on human behavior occurs, but things will find its natural course.

The bitcoin price is logarithmic, it should be reducing its price increase with time. It will never reach absolute stability, because fiat money is devalued intentionally, so after a century its price should be going in proportion to the fiat losing value, ie. 2% yearly. That would be the top right most part of the price chart for bitcoin's price lifetime.

In short: Expect it to go up, but each time less than before.

Based on the simple rules of supply and demand it's a definite yes!

With the growing demand for crypto it implies we shall have less cryptos in circulation while demand is there which means price is what's affected in this equation.

Even though there's a lot of bitcoins available to be traded, out of the 80% we don't know when they'll be put in to the exchanges again since we know a lot of people will always be holding their bitcoins and this would increase even more knowing that the halving is less than a year. I don't think there would be a bull run but the price should improve after the halving.

Bitcoin Halving is bad for miners as the block reward drops in half but, good for HODLers.

The first halving happened in 2012 at that time the price of 1 BTC was $12.22. The second halving happened in 2016 and price of 1 BTC was $657.61.
The third halving is due to happen in 2020 and looking at the past trend you can expect the price of 1 BTC to go beyond the all time high.

dont trigger a bull run but pushing/boosting the price ? i think those are still the same  . i think you guys are saying that btc halving still stimulate price growth  .

 @op , thanks for opening a question like this because this was actually pop on my mind  .

im also curios why people can say that halving can up the price of btc   . does halving happened before ?  maybe the price also pumped before so now they are thinking that history repeats itself  .

People in this community not tired to wait the rest ght time of the bitcoin bull run before people expect if bitcoin reach the 15,000$ during the bitcoin price is reaching 13,000$ last few bitcoin possible to get another bull run.
We need to to be strong and extend patience when will the right time for us to get high profits if bitcoin come again for another bullrun.

With all of those explanation, if it's clear to you on how halving affects the supply and demand of bitcoin. Look also to this pattern which I quote below.


See also this chart.
Source: https://www.reddit.com/r/Bitcoin/comments/97zsmt/infographics_on_bitcoin_halving_relative_to_price/

It may or may not trigger a bull run.

The reward will drop by 50%. If the demand stays the same, the decreased supply could thrive the price upwards.
Of course this doesn't has to be the case. And chances are high that if everyone is expecting it to happen.. it won't happen.




The supply will decrease because the block reward decreases from 12.5 to 6.25 BTC.
This does not influence the 'speed' of the blocks (i guess you mean the time it takes to mine a new block ?)





Yes, this happens every ~4 years.

1st halving: Reward dropped from 50 BTC to 25 BTC (November 2012)
2nd halving: Reward dropped from 25 BTC to 12.5 BTC (July 2016)
3rd halving: Reward will drop from 12.5 to 6.25 BTC (somewhere mid 2020)

This is completely a demand and supply game. More the demand to the decrease in supply every four year will cause the demand high even if the user community hasn't increased as the supply has decreased. This is how the market is expected to grow by the time of halving. It happens close to the days of halving or after the days of halving.

This doesn't assure with a big increase in price, but there'll be good increase to some extent. This has happened till the past halving, and the same creates a big expectation among the entire userbase.

As we know that Halving Day makes the amount of bitcoin mined per block reduced by half, this routine cycle automatically makes bitcoin more difficult to mine. If demand is higher, meaning prices will also be higher. Moreover, cryptocurrency users are increasing at this time. If coupled with FOMO the results will be even more surprising. Even though it is unpredictable, we must not miss this opportunity.

As everyone already explained since the supply will drop because of the limited amount of bitcoins the price will increase gradually ... And this event is going to happen soon therefore people expect a bull run also at the same time you should look at the price chart , it has been constant for a few weeks now ..  it is not getting considerably lower and nor doing anything .. generally it happens when it is suddenly gonna spurt up.

then everyone is wrong, or maybe you misunderstood what they were saying.
supply doesn't drop, in fact it is the exact opposite meaning supply is always increasing as new coins are being created by new blocks and come into circulation.
the only thing that drops (by 50% or half) is the speed of that creation meaning if it is X bitcoin per day now, it will be X/2 after the halving (12.5BTC/block -> 6.25 BTC/block or 1800BTC/day -> 900BTC/day).

and finally the reason for price rise is that adoption (demand) is increasing day by day so if you imagine two vectors opposite of each other:
supply ----> <---- demand
after halving supply vector is weaker so demand pushes back to reach equilibrium, that is why price rises
supply --> <---- demand

I can understand how the price can rise when the halving happens.
The miners have electricity costs associated with mining. Cutting their coin supply in half will reduce their profits, so they must compensate with a higher price.

Since they are the "market makers" and they bring more coins into existence, naturally, they would start selling at a higher price to cover their expenses.

This, of course, cannot happen overnight and price will increase gradually.

But what I'm interested in if mining rewards drop by half, it's only logical that prices go up by the same value or around that range.

There must be something else that would make the price go up 10x. Either mass adoption or FOMO.

The way I see it, BTC halving is like Apple saying " Special offer - we are giving away Iphone X at 50% price".  Yeah some people are going to be excited and buy it, and Apple will make a profit, but it won't be extraordinary.

As opposed to Apple announcing brand new IPhone where everyone will go crazy and buy at any price, so Apple makes Billions.

halving does not seem to be the type of event that would create a drastic demand, it will make the price go up by a nice bit, but nothing in the range of 10x that people expect.

You are right that it's not a fact this is going to happen. It's just what happened before, and people came up with a way of explaining it and hoping it will happen again. The logic is basically that miners affect the price in a serious way. That the price has to go up, so that mining is still profitable. And it often does. But miners don't have a major and direct influence on the price, actually. Moreover, less than a year ago the price of bitcoin went down to $3k from $6k, contrary to the beliefs of those who think miners are important and thought it was impossible.
So the price might not grow after the next halving, but another reason here is that people try to stay positive and hope for the best.

Because we can't deny that the market works in cycle, bears and bulls, bubbles and burst.

I think not only in crypto market, but it is also relevant in other markets as well.

Although there is one parameter as well, supply and demand that we really need to look at. But halving is essentially the catalyst to start a new cycle and ended up in a burst similar to what we have seen in 2017. Just a question on how long are we going to get into a new all-time-high. Prior halvings (2012) took us 500 days to get to a new all time high, while the second halving (2016) takes around 1000 days to get to $20k.  

@Qcrypto - prior halvings posted a huge increased if I'm not mistaken.

First halving, lowest price is $2 -> $200'ish
Second halving, lowest price is $600'ish to almost $20k.

And third halving, recorded lowest price is $3200 last year December 2018, new all-time-high ???  ;D

Bitcoin halving is just a law of demand of supply, miners rewards get shrink to half every 4years and that makes it more scarce and more valuable in price, even with the upcoming badass asic miners from bitmain it won't make a difference in mining reward, mining will still be profitable to those with latest miners

Since miners reward is going to drop from the current 12.5BTC to 6.25BTC per block reward, so miners are expected to be selfish with their bitcoin and this will trigger a form of hoarding which will naturally cause a FOMO and buyers will start been bullish. I doubt we are going to get bitcoin this low in May 2020.

The halving is literally halving the bitcoin, meaning that the amount of bitcoin that is mined and rewarded by the blocks will be halved, which means that the supply of the bitcoin available will drop down significantly and when the supply goes down and the demand stays the same as it is the prices will defiantly go up, and that is why a lot of people have been talking about it so much and also it is the reason why most of the investors are trying to buy as much as they can right now before this price ascension begin, so if you are trying to make some good profit from holding bitcoin now is your chance.

After every halving generation of btc is going lower and lower. Thats the main point

A significant part of the crypto community, taking into account the previous history of the Bitcoin exchange rate, expects that after the halving 2020, the next period of the active bull market will come. In past periods, in addition to halving the reward to miners, there were many other factors that influenced the Bitcoin exchange rate. However, it is still not worthwhile to exclude relationship between the increase in its price and the ongoing events of the halving.

BTC halving stimulate price growth simply because of the idea of supply and demand.  At the current state we have a continuous supply of 12.5 BTC per 10 min then after the halving, we will have 6.25 Bitcoin supply every 10 min.  Isn't that a huge stimuli for a price growth? Aside from that, adoption keep on increasing every minute and with that more demand is being produced so this halving will have a huge effect on the price growth of BTC.

We can also read in here https://www.forbes.com/sites/forbesfinancecouncil/2019/05/10/what-will-the-next-halving-mean-for-the-price-of-bitcoin/#e4717015f340 the possible effect during halving.
It most cases that halving will have a positive impact on the market cause it helps to reduce the market volume but the demand will remain (or it will increase), therefore the price will also moving high.

As of many halving happens, BTC price is basically high and so people wanted and pretty excited to have halving again. And we don't know that it will trigger for a market bull run.

Most people will say that it is because the supply will be affected after that but the price growth involved in BTC halving is always about the hype around it, why? Because a lot of people are expecting it to go up and it triggers a FOMO. If it's about the effect of the supply then Bitcoin won't just go up instantly but in the previous halvings we saw Bitcoin just went up on a short time frame and in that case its more about the FOMO involved rather than the supply being cut, so if the hype stops then expect it to either consolidate or go down. I know halving is a good news for us but really don't expect that everytime Bitcoin goes into halving it will just go up because of it. Because really you still don't know where will it go really or when the price rally will stop.

I don't know the reason about it but i think it's because the supply is getting lower since the reward for mining bitcoins were halved (from 12.5 btc to 6.25 btc according to satoshi's paper) so, the demand for bitcoins will increase and the price increases law of demand and supply this is the reason why some altcoins with huge supply can get their prices up since the supply is very high. And the mere fact that halving of bitcoins hype some traders and big whales so, it is expected that whales will keep the bitcoin price high after the halving which a good news for bitcoin holders like us

I think bitcoin will go into a bull run when halving comes because as far as I know the last time bitcoin experience halving, its price increase rapidly and that's why people are now focusing on their hodl because they know that there's a bull run that going to happen in 2020. But of course no one knows what will going to happen because like I've said before, bitcoin and other cryptocurrencies are so volatile and decentralized that you just need to take a risk in order for you to have a good money in the future.

Logic is that mining profitability affects bitcoin's price too. Nowdays mininf isn't so profitable as it was in past, more likely it turned into commercial thing because mining companies have a lot of equipments and good electricity rates which still leaves some profit for them while it doesn't worth at home for individual.
So halving means that number of mined bitcoins per block will be half which means almost zero profit. In order to keep mining and profit, we need higher price of bitcoin. In overall halving has very positive impact on people and combination of this and in overall halving situation, price will rise.

Usually people are bullish in anticipation of this event and then sell after it happens or just before.

In the long run halving is great and will increase the value of bitcoin but for this process to kick in some time has to pass. New mining equipment will have more power and be more expensive to run making fresh bitcoins much more valuable but the whole economy won't double in value just like that because rewards got halved.

Halving means the block reward will be cut in half so miners will get fewer amount of bitcoins on that day onwards. This will result to slower increase of supply in bitcoin. If there is a huge demand for it but a really limited supply in the market then the price will definitely grow.

Have a look at this link, the first and second halvings rallied more than 10,000% so many really expects for bitcoin to rally next year.
https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

I've read that the only reason why Bitcoin price starts pumping before the halving because people assume that the Bitcoin will pump in price. They will buy before the pump which results into Bitcoin actually pumping at the year of halving. Same goes for every copy-cats of Bitcoin. As long as a lot of people believing in something like this, it will surely happen.

Many people assume that the price will increase so high before or after the halving, and that will give a chance for people to sell their bitcoin at a very highest price. But we are still waiting for that moment, and we don't know for sure if that will happen or not. If that really happens, then we will see the history will repeat again, and that will make people in out there will be amazed. And who knows, the price can pass the last time of the highest price that we already have seen before.

no, you are completely wrong. miners are NOT market makers. they are only one of many participants, many of them are not even big enough to be considered a whale let alone a market maker.
additionally, it doesn't matter what people sell their coins at, it will NOT increase the price. what increases the price is when the demand (the buyers) want to buy bitcoin at a higher price by outbidding each other. so for example you can place sell orders on all exchanges for total of 10 million bitcoin each at $1 million but it will not change the price even 1 cent!

you see when it comes to supply and demand it is called supply AND demand not just supply alone.

Look at this chart, it indicates all previous block halvings.
The cycle on every blockchain is always positive for the price of Bitcoin, always creating it's new all-time-high once there is upcoming block halving.
And use this website for countdown on the bitcoin block halving.
Website : https://www.bitcoinblockhalf.com/

https://insdrcdn.com/media/attachments/d/c7/137e64c7d.png

It's a mere speculation but there is sure growth prior to that event.  A bullrun could also happen anytime without a related event or a huge catalyst which is already proven many times in bitcoin. It is just less supply because btc 's block reward is cut in half and you know that in basic economics that less supply and more demand equals a rise in price. We just don't know if some group would take advantage of this and make a large FOMO.

Did you check the previous halvings though? You can go around and see some graphs and come back and tell us if it doesn't have an substantial effect on bitcoin, Lol. Just thin about it, mining every block halving tells us the the supply is running out pretty soon, because it limits the creation or at least reduce the mining of every bitcoin, thus making it very valuable which equate to more demand with less supply causing the price to be expensive.

It is basic economy, the demand is the same or even more and the rewards/supply is less. It's how the economy works, demand and supply create the price. Beyond that the reward is the wage of the miner and if he get fewer rewards he will increase the selling price of his BTC to compensate the reward decrease.

There is less supply from miners. Miner usually need to sell to cover expenses, this means less sell pressure. Also, there is a decrease in supply, if demand is the same or higher that means the price increases.

Logic is simple - less rewards to miners,that means that there will be less dumping on open market from miners.
This does not mean that it is true and halving actually will have significant impact on price, LTC is a good example, it recently had halving, nothing changed.

Agree, it's like economics, if the demand will grow since Bitcoin has block halving event, then fewer rewards to miners so, we can experience the bitcoin being produce will lessen (supply), expect the price will soar up high too? Possible YES, just don't be sure this because if this will happen, we can also see some correction or hard dumps because there will be some person who bought Bitcoins at the lower price will sell their Bitcoins at the profits area, which is probably around the peak.

But LTC makes a huge pump when the halving is start to make noise. Do you see it is like Bitcoin? When last year around last quarter of 2018 we saw that the price of Bitcoin drops roughly below $4,000. After that, the noise about block halving of Bitcoin has started to buzz so, you think from $4,000 to $13,000 pump is the effect of the block halving next year? Or we can see more new highs? Since we have almost 6 months left before the block halving.

Halving could be the catalyst or FOMO factor. People that knew the halving is coming were buying-in to secure their BTC's for cheap during that time. Now they might be waiting for the pump.
Thats how the price went from $4k to $13k.

It looks like Halving that happened this year does not really have a significant impact, even on the pair USDT, if we look at today's date, even the average market is starting to fall. It seems that the interest of crypto enthusiasts has begun to decline which has resulted in the current conditions. More supply drop but demand still the same, it's all just goes for nothing.

Basically the logic behind this is the pattern as well as the view that lesser reward means the reward amount is becoming more precious. The past two reward halvings came out with a bull run. We assume therefore that this third halving will also be resulting with a bull run. Why? Simply because it happened in the past. But I don't believe there is 100% certainly on that.

The second logic, which basically supports the first, is the perspective of some which essentially says the supply is dwindling, thus the lesser reward. This logic points us to the thought that lesser reward means that BTC is becoming more precious and hard to obtain. And since the other side is rising demand, this could mean a bull run. 

Every halving has a positive result and has to think that this coming halving positively will behave the same. And I hope we don't have to put into doubts about this. With this coming event, it eventually gives courage for us to stay in the hold and be more patient. This is the only thing that helps to drive a better price, it believes not only for Bitcoin but it possible to uplift also with the altcoins.

Actually, there is no guarantee whatsoever but that is the kind of logic that comes to the mind of a lot of people. As a matter of fact, if we get a little pessimistic on it, there is a possibility that a group of miners would quit from their operation because the reward may not really be worth the operating cost. The value of BTC has to go higher each time there is halving so that the miners will remain adequately rewarded and satisfied.

But the reality is that the price of BTC is determined by the buying and selling public. Regardless of halving, the price could really fall if there is more selling than buying.   

Bitcoin having limited supply is one of the prime reason for bitcoin achieving such a massive growth in very small time period. When the supply gets reduced further and there is more and more usage from common man automatically the demand is much more high. This gets reflected on the price. If I'm not wrong, some day each Satoshi will get used similar to an USD if global adoption takes place.

They keep buying because they believe that there is a huge market change that could generate more gains, it is actually they are expecting bullish. This is the reason why the price goes high as the demand is also high. It is proven in the previous halving and people are considering this thing to happen again. But we can't presume prices where it goes cause it still depends on the market flows and demand.

This may really not work this time around because people have seriously this period stayed away from FOMO, in the previous hype that we have had, most people have always been a victim of FOMO, and this was the thing that resulted to an increased value in 2017 that gave ATH that we got, because people kept believing that the price will continue to rise and because they don’t want to miss out.

Many keeps pumping money in from every angle which little did we all know that this was exactly the thing that was actually facilitating the price until we had no one that wants to FOMO again and then the market crashed. When halving comes like everyone believes, the effect of halving is not what will actually make us witness a price increase, but effect of our belief that it will is what may make it increase. Just like this bakkt, if bakkt will make the value of bitcoin grow without wasting much time, it would be because of our believes and  not the halving itself.

I'm not sure about that. It might have positive impact on.price but only on short term and I don't expect some significant price rise.
Some expected much in that sense of Bakkt and since the price didn't grow now they have similar expectations from halving but they might end up equaly disappointed.

this will definitely does increase the price as thise in the mining business is having less reward for the work and the hype in price will be the only way to get back the profit in using fir the running cost, but also kind of surprise when bitcoin was very low and the reward was just 50btc then and same eletricity was consumed with low price and this keep me wondering how it was possible then but i realise that be in business is to have more profit.

Past performance not being a good model for the future, keep it in mind. Bitcoin has only existed for just over 10 years. That means there's only been two halving events so far. There's not that much data yet. A lot of people thought Bitcoin would be a lot further ahead in terms of adoption by now too. We'll just have to wait and see. If the price really tanks and stays down, i'm pretty sure that's going to invalidate the model anyway isn't it? Will decrease demand which must keep increasing for the model to work. Since payments with Bitcoin are not cutting it, we basically have to hope demand comes from the price mooning. If not it’s hard to see where it’s going to come from. I'd love for it to be accurate personally. I'll be richer than today in a couple of years if it is. I am optimism anyway.

I think this is different from Bakkt.  Bakkt is about adding adoption in the market but it does not mean it can double the number of people that adopted Bitcoin instantly while the halving is simply means supply cut into half and that is instant the moment that 6.25 Block arrive. What I am trying to say is that I believe that this halving has a greater impact than BAKKT.  The idea itself brings hype to the market and can easily turn a bearish sentiment to a bullish one.

A small update sep last year I wrote the above lines and was pretty much convinced that BTC should create a new ATH. Looking into the present scenario and the market conditions, I am pretty much convinced that there will be short Bull run early April .

BTC will go beyond the price of 10k but it will face a tough backward thrust at 11k. I do not think there will be a new ATH this year.

Things might change in the coming months before halving.

- first is the mining difficulty level will increase 2x, and trigger the small miners to retreat / stop. until bitcoin mining will decrease, while demand for bitcoin gets bigger.
- both follow the previous chart pattern. which when after bitcoin halving, charts continue to increase.
- I think the latter is by economic logic. which is when the item is more difficult to get, the price will be higher.

To cap your reasons up or in addition I am basing my judgment and fact on price growth of bitcoin in the aftermath of halving that price history repeat itself, having scanned through previous halving with charting analysis shows how price grows and pumped after halving of bitcoin in the previous years to prove a point that supplies drops while demand exceed supplies invariably pumps it price.

I predict that the halving won’t affect the price all that much. There are already so many bitcoin in the ecosystem, and the halving will just slow down the rate of new bitcoins.

Regulatory controls, new platforms supporting bitcoin and an increased rate of new users (and investors) will probably be the main driver of bitcoin price growth.

Using basic logic, we can say that halving is the day awaited by all holders or short-term and long-term bitcoin investments because when prizes are smaller and demand is greater, it is very likely that the price of bitcoin will move higher and at a very step quickly approaching the highest level by the end of the year is reduced by half.

If you're going to reduce the supply in half surely the market price of bitcoin is going to be affected for surely it will result to an increase in the market price since the demand and supply is not going to balance even today compare it if you are going to make the supply in half but for sure it was just the market price that is going to be affected it is still the same. Theoretically it will be difficult to get bitcoin at that rate and market price could already be double.

This will lead to miners to decide between two possible options, to sell their BTC reward for a higher profitable price, or to remain with the price but continues to mine but will surely lead to them to realize that their profit wasn't enough to pay for the electricity bills they have and might turn out to them selling their mining facilities and leaving the market.

Any two could happen but what surely does is expected, is to see the people in cryptocurrency space like us to lead the market in higher price considering the positive option that miners could choose.

This is the period where supply is low and the demand stays the same. So most probably the price goes up. Maybe this time most people are investing in the half of the year from the last six months they earned. And midyear is a good time to invest to have at least another six months to make it grow. That's only my thoughts. But I know there are other depth and technical reasons as well.

I firmly believe that it will happen again, but it still depends on many different factors.
First, is the money that large investors continue to pour in to increase the value of bitcoin? Next is the bitcoin mining activities continue to take place or not?
There are currently a number of bitcoins that are not trading and it has been in major wallets for the past year.
The scarcity of bitcoin available in the market does not need to be halving. But halving is a big event and it stimulates us to buy bitcoin.

There might be basic concept behind the logic of bitcoin expecting a bull run by may 2020. Peoples have already experienced a bull run and as per the financial year 2017.

Actually, in the month of April the salaried individuals are asked to send their yearly statements to the Income Tax department and it might be a basic reason behind why the whales are expecting May to bring the bull runs because after peoples auditing their financial statements for the academic year, they could move their funds into cryptocurrencies which might perhaps save their taxes by hiding the actual amount of capital they hold from the governments as cryptocurrency transactions can hardly be traced which might give them a ease to store their funds into.

It turns out to be a global cause and it caused the price pump faster bringing us into the bull runs.

Indeed, cutting down the supply leaves the value remaining to the ones that are left which causes price increase when there is low supply. furthermore, the increase in demand due to the low allocated price could stimulate a price increase. That is why the halving which will happen this year will potentially cause a price increase on bitcoin.

Between who them that coin halving will result in price growth of BTC? It’s just a speculation that due to halving in coin reward per block will take BTC price up. This prediction may or may not be true. Based on previous predictions I don’t think this will go true also.

imagine the cost to mining 100bitcoin diffirent with the cost before halving example :
before halving : 100bitcoin need 4 block (25btc/block)
after halving : 100bitcoin need 8block (12.5/block)

that's the diffirent timing, you can get this logic to cost of mining too.

One reason is that halving will cut down the supply of new bitcoins coming into the pool and if demand of bitcoin increases then price will surly go up. It’s just a speculation there is no confirmation that price will go up. Now scenario is totally different then previous halving.

The reason why the halving will make the price of bitcoin become higher it is because it will lessen the supply of bitcoin into half. If that happens the demand of the consumer will be much more higher than the supply that will cause of it to have a price growth. That is how halving will work sooner or later. Lets just hope that after the halving, bitcoin price will be 20000$.