Expecting a Spike in Bitcoin? Investors Say It May Take Time

New York Times | Jun 5, 2020 at 7:40 AM
  • Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
  • There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the “halving” effectively decreased its supply.
  • In contrast, bitcoin had soared more than 40% from January this year until the “halving.”