Charles Hwang: Bitcoin halving will catalyze the bull run between $20,000 and $50,000

The anticipation surrounding Bitcoin's third halving event has started to gain momentum across the market. The Managing Member of Lighting Capital, a hedge fund management fund, Charles Hwang predicts that the event will positively impact Bitcoin price in the range between $20,000 and $50,000.

Hwang says that if Bitcoin demand stays intact at 633,000 before and beyond 2021 and the mining the mining rewards are slashed to 328,500 per year from the prevailing rate of 657,000 per year then “the sudden shift in the supply curve will most likely be the catalyst for the next bitcoin bull run."