Will Bitcoin halving bring about a bull market? Wu Jihan vs. Jiang Zhuoer

The New Year has just arrived, but the new coronavirus epidemic continues to develop, affecting everyone's heart at all times.

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In addition to the current epidemic, the most noteworthy thing this year is the halving of Bitcoin output. In history, Bitcoin output has halved twice:

In November 2012, the output of Bitcoin was halved for the first time, when the price was about $12. After the halving, the price of Bitcoin continued to rise, and in December 2013, it reached a record high of about $1,017.

In July 2016, the output of Bitcoin was halved for the second time, and the price was about $650 at that time. After the halving, the price of Bitcoin continued to rise and reached a record high of about $20,089 in December 2017.

Therefore, many people have summarized the Bitcoin "halving market": after the Bitcoin output is halved, it will bring about a bull market.

In May of this year, Bitcoin will experience its third halving: the block reward will be reduced from the current 12.5BTC to 6.25BTC.

Will history repeat itself? Will Bitcoin usher in a big bull market after the halving? Different people have different opinions.

Jihan Wu, founder of Bitmain, mentioned at the Second Global Digital Mining Summit held in Frankfurt, Germany last October: “Bitcoin’s bear and bull markets are prolonging each time. It is possible that the bull market will not come during this halving. I personally think there is still a lot of uncertainty about the impact of future halvings.”

Jiang Zhuoer, founder of BTC.TOP, believes that the bull-bear cycle of Bitcoin is not created by halving, but will happen naturally. The design of Bitcoin's output halving every 4 years makes the "bull-bear cycle" and "halving cycle" resonate. This time's Bitcoin halving is likely to start in a very similar form to last year's Litecoin halving bull market.

What do you think about the halving of Bitcoin output in May this year? Do you think history will be surprisingly similar and start a bull market?