Bitcoin (BTC) was born at the time of the global economic crisis, and we are literally approaching yet another economic meltdown at the time of its third halving.  The price impact is not clear yet.

One funny tweet from blockfolio read:  “Give a man a bitcoin, and he’ll spend it in a day. Teach a man to hodl bitcoin, and he will spend the rest of his time on twitter talking about financial disintermediation, fall of nation-states, the rise of sovereign individuals, and some island called Yap.”

Yet another truth bomb read:  “And eventually converting it in Altcoins for higher profit because, in the end, everyone doesn’t give a shit about the financial system, they just wanna put more money in their pocket!”

So, all these talks about Bitcoin are happening as a pre-sentiment to the forthcoming Bitcoin halving. Will the BTC touch an astronomical all-time high? This halving is expected to be different from the rest.  The stock markets have crashed, the Fed is printing money, dollar is devalued, and regulators narrowing down on stable coins and crypto, and global debt is building up.

Sydney Ifergan, the crypto expert, tweeted:  “The Third halving of Bitcoin (BTC) and there is so much of uncertainty in the cryptocurrency space, and also a lot of promising innovations creating more trust in the blockchain space. Waiting for May 12, 2020.”

Stable coins on the blockchain like USDT and others provide for a transitory stage between cryptocurrency and the fiat.  They are also anonymous.  While facilitating short-term storage of value, it keeps people who are worried about volatility hold on to the cryptocurrency space.

Bitcoin (BTC) Extreme Bullishness

The extreme bullishness of Bitcoin has been subject to much criticism. There is a lot of hype.  There are several Altcoins that are doing a lot of other stuff than what Bitcoin does, but Bitcoin continues to reign.  Google trends data have reported a parabolic increase in the search for the term Bitcoin.

Rich miners are happy, and they have an alternative strategy to deal with the situation.  Moderate and low-key miners are scared, and they are selling their coins to save their value for good. Retailers, investors, and market makers are moving each other’s’ cheese like never before.

The majority of the tweets opine that the halving would repeat past trends.  However, sometimes history might not repeat.  There are a range of price predictions.  Several investors are flocking in to buy Bitcoin. Overall the interest in the King coin is sustained.  The rest later.