Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Reading:Bitcoin Has Corrected 40% Countless Times Before Another Bull Run

Allen Scott@bitcoinisterMar 26, 201912:00

Allen Scott@bitcoinisterMar 26, 201912:00

The price of bitcoin may reach $55,000 USD sometime in 2020 or 2021, according to a new Bitcoin price prediction model which factors in the decreasing bitcoin supply as a direct driver of market value.

Bitcoin market analystPlanBsharedyet another interesting chart plotting the effect of increasing scarcity due to the Bitcoin halving in May 2020. He hypothesizes that the stock-to-flow (SF) ratio directly affects price discovery based on historical data.

The hypothesis in this study is that scarcity, as measured by [stock-to-flow], directly drives value, he explains.

The model uses SF as its data input based on the power law formula (BTC = a*SF^b) with b as the fractal dimension to predict the possible price of bitcoin.

The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000.

As previouslyreportedbyBitcoinist, the next halving will see the miner block reward go from 12.5 to 6.25 BTC sometime in May 2020. This would, of course, reduce the supply of bitcoins on the market and could indeed havemassive implicationsfor price.

The last reward halving occurred in the summer of 2016. It was during this time period that bitcoin price began its long run-up to its historic highs of nearly $20,000 in December 2017.

The next scheduled halving will likely also have a significant impact on the market as history doesnt often repeat, but it does rhyme.

Every halving, bitcoin [stock-to-flow] doubles and market value increases 10x, notes PlanB. This is a constant factor.

The analyst draws similarities between the stock-to-flow ratio of Bitcoin and precious metals. Worth noting is Bitcoins $230 billion market valuation during its peak bull-run, which PlanB says was very close to silver:

What is very interesting is that gold and silver, which are totally different markets, are in line with the bitcoin model values for SF. This gives extra confidence in the model.

If the trend continues, the next halving could propel Bitcoins valuation closer to gold, he notes, adding

Because halvings have such a big impact on SF, I put months until the next halving as a color overlay in the chartNext halving is May 2020. Current SF of 25 will double to 50, very close to gold (SF 62).

Bitcoin is the worlds first digitally scarce object and often referred to as peer-to-peer gold, digital gold or Gold 2.0.

Besides being scarce, however, it can also be easily stored and sent over the internet, radio, and evensatellite. Therefore, its no surprise why some are predicting it will become more popular than gold as the go-to store of value in the digital age. We believe bitcoin is better at being gold than gold, said the Winklevoss twins earlier this year. If were right, then over time the market cap of bitcoin will surpass the (approximately 7 trillion) dollar market cap of gold.

If Bitcoin indeed follows its historic price patterns, the $55,000 price at $1 trillion market cap may just be the start.

With 17.6 million bitcoin already mined out of a total 21 million, the market is currently absorbing about 1,800 bitcoin per day or roughly $7 million dollars. Whats more, the next reward halving means the inflation rate will fall to under two percent or below the Federal Reserves inflation target.

In other words, the decreasing supply of bitcoin will be felt by the markets over the next decade, which is what low time preference BTC permabulls like Tim Draper, Mike Novogratz, and Tom Lee are placing their bets on.

Whats your bitcoin price prediction after the 2020 halving? Share them below!

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