Bitcoin Halving Could Be a Non-Event, According to Experts

<p>The crypto industry has been rightfully buzzing over the last month about the forthcoming Bitcoin (BTC) halving event, which is set to take place in a little more than two weeks. To begin with, it's unquestionably one of the most — if not the most — anticipated crypto events of 2020. However, because to the COVID-19 pandemic, many analysts are dubious whether the event will have a significant impact on Bitcoin's financial future. </p> <p>It's intriguing to note that, whilst many different traditional assets have had their prices plummet significantly since the beginning of March, Bitcoin has mainly been able to withstand the massive amount of adverse pressure that has come its way and maintain its worth above $7,000 level. In fact, on April 23, the top cryptocurrency had a pre-halving pump, which saw the asset's value surpass $7,500. </p> <p>What are the prospects? </p> <p>While all of the aforementioned factors point to a positive future for Bitcoin as an investment vehicle, it appears as if the level of uncertainty may be much higher than in previous halvings. </p> <p>Cointelegraph contacted Scott Freeman, co-founder of JST Capital, a financial services firm focusing in the digital asset market, to gain a better grasp of the situation. He stated that after speaking with numerous people working throughout the industry, including miners and institutional buyers, the one consistent message he has heard is that the halving will most likely be a non-event in terms of Bitcoin worth movement: </p> <p>"The halving has been on everyone's radar for a long time, and as such, the impact on markets should already be incorporated into the value of BTC." The halving may have an impact on some miners' income, but we anticipate that at this point, each miner has already made changes to their business models." </p> <p>In a similar spirit, Meltem Demirors, the chief strategy officer of digital asset administration firm CoinShares, joked with Cointelegraph that, like the rest of the economy, the Bitcoin rally around the h