๐ Bitcoin Halving: Understand the Impact on the Market
The Bitcoin Halving is one of the most important events in the cryptocurrency world. Every 4 years (or 210,000 blocks), the issuance of new bitcoins is cut in half, ensuring a deflationary and finite economy.
๐ What changed in the last Halving?
In April 2024, the 4th halving in history took place. The reward for mined blocks fell from 6.25 BTC to 3.125 BTC.
โณ Rewards Timeline:
2009: 50 BTC
2012: 25 BTC
2016: 12.5 BTC
2020: 6.25 BTC
2024: 3.125 BTC ๐ข (Current)
2028: 1.5625 BTC ๐ฎ (Next)
$BTC ๐ก Why does this affect the price?
1. Supply and Demand Law: Fewer new bitcoins enter the market daily.
2. Supply Shock: With the inflow of institutional allocations and spot ETFs, demand grows while new supply decreases.
3. Real Scarcity: The maximum cap of 21 million BTC reinforces the asset as a digital store of value. The forecast is that the last BTC will be mined around 2140.
โก Summary for investors: Historically, the post-halving cycles tend to bring greater volatility and new phases of appreciation in the medium and long term.
@Golden Invest Coin #Halving2024 #halvingbinance ๐ฌ How are you positioning yourself for this cycle? Leave your comment!