All crypto world users have their attention on an event: the Halving in the Bitcoin Blockchain. For many analysts, traders and crypto-currency holders, this will be the defining moment in the life of BTC, when its price will skyrocket just as it did in 2017. However, what if the price of Bitcoin doesn’t rise after Halving? Today we try to answer this question.
What is Bitcoin?
Far from what you might think, the answer to the question of what is Bitcoin, is by no means simple. Because, within the crypto community, there is a strong division about the nature of cryptomoney. As well as where it should be heading in its development from now on.
One group, including crypto influencers like Anthony Pompliano and mining farms around the world, consider Bitcoin to be an active reservoir of value. That is, a financial asset that, like gold, is not directly related to the global financial market. So when it collapses in the middle of a crisis, the refuge asset of value is maintained or even increased in price.
This way of seeing Bitcoin generates important consequences in the
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development of cryptoactive. Well, if BTC’s goal is to be the “digital gold” of the future, then the important thing is not to improve its performance as a virtual currency. On the contrary, to achieve mechanisms that ensure its scarcity and desirability by investors, as well as the constant increase in its price.
On the other hand, another sector of the crypto world believes that Bitcoin should stick to Satoshi Nakamoto’s original plan. That is, to become a viable alternative to traditional Fiat money. Serving, therefore, as a means for the exchange of goods and services.
This would be the thinking of important crypto-world figures like Vitalik Buterin. And he would press, unlike the first sector, for improving characteristics of cryptomoney such as its scalability. This would allow it to improve its performance as a currency, and therefore lead to a massification of its use in commerce.