The idea that Bitcoin could reach "infinite" values is a hyperbolic way of saying that some believe its value could increase significantly. Here is an imaginative story that illustrates this perspective:
In the year 2024, the cryptocurrency world is preparing for an event that occurs only once every four years: the Bitcoin Halving¹. This event halves the reward for mining a Bitcoin block, which has historically had an impact on the price of Bitcoin due to decreasing new supply.
Since its creation in 2009, each halving has been followed by an increase in the price of Bitcoin. In 2012, the reward was reduced from 50 to 25 bitcoins per block, and the price rose. The same thing happened in 2016 and 2020, with the reward decreasing to 12.5 and then 6.25 bitcoins respectively, and each time, the price of Bitcoin saw an increase¹.
Now, in April 2024, the world awaits the fourth halving, where the block reward will be reduced to 3,125 bitcoins. Cryptocurrency enthusiasts and investors are marking their calendars, anticipating that the price of Bitcoin could reach new all-time highs¹.
The theory behind this expectation is simple: with fewer bitcoins generated with each mined block, the new supply decreases. If demand remains the same or increases, basic economic theory suggests that the price should rise.
Additionally, external factors such as central banks' monetary policies, such as the US Federal Reserve's promise to reduce interest rates, can also influence the value of Bitcoin⁴.
However, it is important to remember that the cryptocurrency market is highly volatile and speculative. Although some believe that the price of Bitcoin could "go to infinity", or at least reach very high values, no one can predict with certainty the future of Bitcoin or any cryptocurrency.
So, while some dream of Bitcoin reaching infinity, others remain cautious, remembering that the value of any asset can rise and fall, and Bitcoin is no exception. The story of Bitcoin in 2024 is one of expectations and speculation, with the global community attentive to how this next chapter will unfold.
🔗 Visit these links where you can learn more information:
(1) What do we know about Bitcoin Halving 2024 and how it can affect... - Xataka. https://www.xataka.com/criptomonedas/que-sabemos-bitcoin-halving-2024-como- may-afectar-este-esperado-evento-al-precio-bitcoin.
(2) Bitcoin skyrockets in 2024: it is only 10% from its highs... -historicos-98781179.
(3) Attachment:Bitcoin price history - Wikipedia, the free encyclopedia. https://en.wikipedia.org/wiki/Annex:Bitcoin_price_history.
(4) Bitcoin (BTC) History - Investing.com. https://es.investing.com/crypto/bitcoin/historical-data.
(5) Getty Images. https://www.gettyimages.com/detail/photo/crytpocurrency-royalty-free-image/954471176.
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