WOW JUST 5 DAYS LEFT TO OUR ALMIGHTY BITCOIN HALVING 💰 🪙 🥂:
Are you as excited 😊 as i am?
so let's walk through on what to expect during the Halving
Firstly BITCOIN HALVING Is an event which occurs roughly every four years or after when every 210,000 blocks have been mined , effectively halving the rewards that miners revenue for their efforts 👍
As we all know miners are the gurus behind the BITCOIN HALVING and as of the moment i am writing this, mining ⛏️ is now dominated by larger, often publicly traded companies .
SO WHEN DO WE EXPECT THIS EVENT ?
As speculated, around the 19th or 20th of April 2024(which happens to be the 4th halving in history ),the halving will cut the amount of BTC that "Miners" can earn each day for validating transactions to 450 from 900 now.
Based on BTC current price,it could spell revenue losses of around $10 billion a year for the industry as a whole .
SO WHAT HAPPENS AFTER BTC HALVING ?
- Miners would have fewer BTC to sell meaning the price could go up(emphasis on could )
THUS: BTC halving has a positive impact in the market
NOTE: Price movements doesn't go on a bull run immediately after halving occured it might take some months or weeks before having an effect
you can #DYOR on 2012,2016 and 2020 Halvings