The next bitcoin halvening is in ~472 days.
Currently 1800 new coins mined everyday.
That will be cut in half to 900 with an 1.8% inflation rate.
Why does this matter?
It marks the date when bitcoin becomes less inflationary than central banks annual rate target of below 2%.
https://twitter.com/AlecZiupsnys/status/1093568234647887876The launch if the Bitcoin Network in 2009 was a global earthquake.
Now is time for the tsunami.
If the previous halvenings led to 100x increase of price without institutional investors, imagine what will happen if they come. One of the biggest ETF companies in USA stated recently that they expect at least 10bil investment in Bitcoin ETF per year. And this is only one company. At current prices that would be 2.8 mil bitcoins! When (not if!) bakkt is approved it will surely lead to an ETF approval may be this year. After all, bakkt is initiated by NYSE and the ETF is initiated by CBOE. It is not a coincidence that after the refiling of the CBOE ETF proposal, SEC created a new crypto division to study the ledger technology and to see that there are no gaps in it. According to some lawers this most probably means that they intend to give an approval based on a positive report about the distributed ledger technology. So, while the small fish dump their precious bitcoins in the daily trade, they will miss the shocking explosion in the price in the coming 2 years. We shall wait and see.
Edit. There is a new tweet by Hester Peirce confirming the leaked interview by the Democrat SEC commisioner P. Jackson about a coming ETF approval.
https://twitter.com/HesterPeirce/status/1093604854709264384Also lets recall a recent interview of J. Clayton:
https://bitcoinexchangeguide.com/jay-clayton-optimistic-about-blockchain-and-cryptocurrencies-emerging-investment-landscape/...Jay Clayton seems very optimistic about the future of the cryptocurrency space. During a testimony that he gave to the United States Senate Committee on Banking, Housing and Urban Development, Mr. Clayton, the chairman of the U.S. Securities and Exchange Commission, said that blockchain and virtual currencies will facilitate capital formation.
During the hearing, he emphasized his optimism about the development of distributed ledger technology (DLT). According to what he said, blockchain will be providing new investment opportunities for traditional investors, including institutions.