Regarding: An article published 2nd May 2020 “Bitcoin Miners Usually Create 6 Blocks per Hour. They Just Banged Out 16” by CoinDesk. Click Here for the full article.
With 2 out of 3 Halveningsnow done all eyes, and all usable capacity, is now focused on Bitcoin itself. Yes this means that blocks get done faster unless the difficulty rises to match marginal capacity. Yes this means coin accumulates faster into the hands of the miners. No it does not mean prices for Bitcoin are going to run rampant up to the Halvening but it does mean that the event will happen a day earlier.
Post-halvening is likely to be subdued prices because the cost of producing a Bitcoin will rise to something approaching the current price and miners will both hoard and hedge their coin (that cost no more than half the current price) so that operations remain solvent until trend pricing for Bitcoin finds a new, higher, new normal. Be mindful of this locked up overhang when trading or making strategic purchases.
