Some say the sky’s the limit. According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:
“There’s always a lot of factors in the price of Bitcoin, but all those things being equal, [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”
Bitcoin moonIn other words, this could be just the thing bitcoin needs to stay on top for good. After all, a scarce item is likely to hold more value than one that is plentiful or common.
But others aren’t entirely convinced. In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.
http://bitcoinist.net/bitcoin-rises-july-halving/Personally, i have a gut feeling the price will rise slightly... It's only a gut feeling, but i'm pretty sure there's nobody who will be able to give mathematical proof of what's going to happen (to many factors, some of which are the emotions of buyers, sellers, users,...).
Why do i still think the price is going to rise:
- less coins will be mined each day... This doesn't mean a lot, because so many coins are already in circulation, so halving the reward probably won't lead to doubling of the price
- more companies start to accept bitcoin
- the media will probably pick up on the halving, leading to more interest of new people
