The Bitcoin halving event created enormous buzz, excitement and opportunity for the market. Prices went on a rollercoaster ride and hash rates are at all-time highs for an event that happens every 4 years. The block reward reduced from 12.5 BTC to just 6.25 BTC for every block mined every ten minutes,
Many have argued at a time of a global pandemic, Bitcoin and virtual currencies should be climbing to the moon. In a digital age, we expect results, performance and reaction instantly. This isn’t the case for a speculative asset such as Bitcoin, which is still in its infancy despite its existence for more than 10 years.
The COVID-19 pandemic has certainly brought the world economy to its knees. With stock markets at decade lows, cancellations of large events, and even Bitcoin prices taking a huge hit, the financial and emotional stress is hard to suppress.
As people pull their investments out of traditional markets such as stocks or bonds,