According to the founder of top cryptocurrency mining pool BTC.Top, Jiang Zhuoer, the upcoming<a href="https://www.cryptoknowmics.com/news/bitcoins-short-term-bearish-scenario-to-be-rescued-by-5-surge"> bitcoin bull</a> could very well be the last that can be immaculately predicted.

Zhuoer believes that the upcoming block reward<a href="https://www.cryptoknowmics.com/news/bitcoin-halving"> halving</a> would spark a bitcoin bull, which would reduce it from 12.5 BTC per block to 6.25 BTC per block. Analysts believe that the reduced supply would heighten the price. Bitcoin halving is expected to occur later this year.

<a href="https://news.8btc.com/jiang-zhuoer-bitcoin-bull-run-after-the-2020-halving-is-likely-to-be-the-last-bull-that-can-be-clearly-predicted">8BTC</a> reported on Weibo, the microblogging platform, Zhuoer stressed that even those who are unfamiliar with bitcoin right now would hear about it by virtue of the supply drop it would lead to.
<blockquote>"Bitcoin’s market share continues to decline, and the crypto market will become similar to assets like real estate and us stocks."</blockquote>
Bitcoin has experienced two halving events, the one in 2012 cut down the block reward from 50 BTC to 25 BTC. The one in 2016 led reduced it further to 12.5 BTC per block.

The halving events generally lead to an upsurge in Bitcoin prices. The reduced supply jogs people’s memory about the limited availability of the cryptocurrency. In the eyes of many, the upcoming halving is gonna carry the same effect; a few cynics don’t really fancy history repeating itself.
<h2>Zhuoer Not Alone as Zhao Also Optimistic Regarding Bitcoin Halving </h2>
CEO of Binance Changpeng Zhao is of the view that the Bitcoin halving is<a href="https://www.cryptoknowmics.com/news/changpeng-zhaos-take-on-the-upcoming-bitcoin-halving"> not priced in yet</a>. However, he went on to add that he certainly expects the price to go up as he is optimistic that a plethora of users and new investors would enter the cryptocurrency scene post halving.

At the time of writing Bitcoin is struggling after a 6.12% fall and is trading at $8,761 for the last 24 hours. The fall has been continuous after it hit its pinnacle of 2020 lately and traded at $10,500.

Jiang Zhuoer- Bitcoin Halving Would Lead to a Bitcoin Bull

Bitcoin Tycoon, Jiang Zhuoer says Bitcoin bull run after the 2020 Bitcoin Halving is pretty much the last bull that can Be clearly predicted.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Jiang Zhuoer- Bitcoin Halving Would Lead to a Bitcoin Bull

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