Bitcoin’s second Halving occurred on July 11, 2016. The reward given to the miners was decreased from 25 BTC to 12.5 BTC. This new shock in the creation of the Bitcoin supply finally produced the same consequences as the first Halving.A strong bull market was established in the Bitcoin world within 18 months after the second Halving.
This strong bull market allowed Bitcoin to make daily headlines in the press from mid 2017 onwards.
It must be said that its price began to worry the powerful of this world. Bitcoin passed the $2,000 mark in May 2017, the $3,000 in June, the $4,000 in August and the $5,000 in September.This phenomenal growth in the price of Bitcoin made it an enemy for politicians, central bankers, and economists.
In short, everyone at the heart of the current monetary and financial system.
Everyone went out of their way to denigrate Bitcoin to the general public. The largest investor ever in the traditional financial markets, Warren Buffett explained that Bitcoin was “probably rat poison squared”.
The American Nobel Prize winner in economics Joseph Stiglitz also gave his very negative view of Bitcoin:“When you regulate it so you couldn’t engage in money laundering, there will be no demand for Bitcoin.” — Joseph Stiglitz
Joseph Stiglitz showed his complete ignorance of Bitcoin by stating that if it became impossible to launder money with Bitcoin, then there would be no demand for Bitcoin.
All this did not prevent Bitcoin from reaching $20K at the end of 2017 before the speculative bubble that had formed around its price burst in 2018.Its opponents took the opportunity to take up the criticism again. Worse still, Bitcoin has already been announced dead 379 times since its creation.
Each time, Bitcoin has risen stronger.
After the terrible year of 2018, when its price dropped to around $3,500, Bitcoin has recovered in 2019 by going bac...