Opinion

9 Reasons Why Bitcoin Has Never Been Stronger Going Into a Halving

From surging price and all-time-high hash rates, to Paul Tudor Jones and narrative relevance, a look at the strength of BTC heading into next week’s halving.

By Nathaniel Whittemore

May 7, 2020 at 7:00 p.m. UTC

Updated Dec 11, 2022 at 7:38 p.m. UTC

By Nathaniel Whittemore

May 7, 2020 at 7:00 p.m. UTCUpdated Dec 11, 2022 at 7:38 p.m. UTC

By Nathaniel Whittemore

May 7, 2020 at 7:00 p.m. UTCUpdated Dec 11, 2022 at 7:38 p.m. UTC

From surging price and all-time-high hashrates to Paul Tudor Jones and narrative relevance, a look at the strength of BTC heading into next week’s halving.

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.

The bitcoin halving is just a few days away and the growing excitement is palpable. On this episode of The Breakdown, NLW argues the excitement is also legitimate, and looks at nine reasons why bitcoin has never been stronger going into one of its every-four-year issuance reductions:

Price
Hashrate
Mining competition
Accessibility and Services
Infrastructure
Institutional awareness and participation
Narrative relevance
Perceived and real resilience
Lindy effects

Oh, and let’s not forget: Hedge fund legend Paul Tudor Jones is reportedly invested in bitcoin and sees it as a hedge against "great monetary inflation."

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