Bitcoin Halving is a nearing as per Analyst estimation. As 18th million bitcoin was mined last week, scarcity of Bitcoin increases. And scarcity enhances value. Analyst Jason A. Williams, a colleague of Anthony Pomp, believes that the next Bitcoin Halving will occur in May 2020. It will further increase Bitcoin value to $55,000 i.e. 100 trillion USD.
Jason tweeted about Bitcoin Halving late Sunday. As per him, Bitcoin Halving which takes place every 4 years, will skyrocket the BTC price at the next occurrence. Even John McAfee predicted that BTC price will reach $1 mln by 31 December 2020.