2024: What is it and what can you expect?
The 2024 Bitcoin halving (#BTC ) may refresh
the cryptocurrency's all-time high price and
give investors the opportunity to make
profits. Why is this happening? We will find
out below.
At the same time, it is not clear how much
BTC can rise in the context of the event.
BTC supply is limited. In total, miners will
mine 21 million BTC. Approximately every
four years, thanks to halvings, the BTC mining
speed is reduced by exactly half.
Consequently, the rate of entry of new BTC
into the market is also reduced by 50%. At the
same time, the demand for #criptomonedas ,
as history shows, remains the same.
Therefore, in the context of a decrease in coin
supply due to the halving, Bitcoin becomes
scarce, which drives up the price of the
cryptocurrency.