Even this year it is predicted that the price of Bitcoin will go up. Because the halving process will be carried out. This is cutting costs the miners get from the process. parse mathematical algorithms to produce Bitcoin. At present the miners get a reward of 12.5 cents per block which will be mined in May will drop to 6.25 cents.
This halving process is carried out every four years and has been written in the code that underlies Bitcoin. The aim is to maintain inflation. This process will reduce the supply of Bitcoin that enters the market so that prices can be jacked up.
But for head of Asia Luno, the digital currency exchange, Vijay Ayyar said the halving process was still being debated and whether this process had been included in the price or not.
"I suspect most people are not aware of it, and when prices start to move up, the masses will enter as we saw before. This is scheduled to occur in May 2020," Ayyar said.
He estimated that the price could reach US $ 15,000 (Rp210 million) to US $ 16,000 (Rp224 million) by the end of the year.
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