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๐๐ What effect can Btc halving have on? ๐๐
The bitcoin halving of 2024 is getting nearer with every passing day and what could we expect from this halving , Letโs have a clear look into that
1. what is halving ?
halving is an Procees where the rewards for mining a block is cut into half. this helps to reduce the amount of new coins coming into circulation.
for example:- If the current rewards for mining a block are 0.1 Btc then after halving it would be 0.05 Btc
How it can impact bitcoin ?
Scenario :- We can see Btc having a major bull run as we have seen in past 2 Halvings as halving is a major bullish event. And we can also see a new Ath is this . This is 60% of the probability.
Scenario 2 :- Btc can certainly get hurt from the overhype of halving. same thing we have seen earlier with LTC this year. but the ultimate goal after the correction of 7-8 months would be to fly high.
which scenario do you think is more possible ? let us know in comments
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(chart credit :- trading view )
