Bitcoin traders and investors have long been looking forward to the next bitcoin halving, scheduled for May 2020. Now, the chief executive of China-based bitcoin mining giant Bitmain, Jihan Wu, has warned the next bitcoin block reward halving may not spark a bitcoin price bull run, as many hope. The 2020 bitcoin halving is expected to have an impact on the bitcoin price, though no ones exactly what that will be. "What I think might be happening is an anticipation of a coming supply shock in 2020," Killeen told Bloomberg, a financial newswire. The last bitcoin halving came shortly before the bitcoin price soared to almost $20,000 per bitcoin, though there's no guarantee of a similar situation happening again.

Source: Forbes October 15, 2019 00:00 UTC