BTC #Halving ?
In this article we will discuss below questions . Read full post so you can understand each and everything about BTC halving .
1. What is halving?
2. What are effects of BTC halving on #BTC price?
3. Will BTC go to 400k after halving?
Now first discuss first question .
Q1: Halving is term in which we want to say that the reward of miners who are mining BTC will be reduced to half. Let's suppose if reward of mining of 1 Block is 0.5 BTC then after halving it will be reduced to 0.25 BTC. In this case if cost of mining of 1 Block on BTC chain is 30k USD then it will be raised to 60k USD after halving.
Hope you understand about halving concept. If you still have a question then ask in Comments .
Now let's discuss 2nd question .
Q2: The answer of 2nd question I will tell you with an example . Current mining ⛏️ of block on BTC block chain are 144 block / day. And one block is equal to 6.25 blocks. In this way supply of BTC per day is 900. And you can see Black Rock is buying 1000s of BTC per day. It's means demand is greater then supply. After BTC halving the reward 6.25 BTC per block will be reduced to 3.125 per day. So, if new miners did not come in market then this supply will be reduced to 450 BTC per day but demand is increasing continuesly every day due to of ETF .
Now when more demand and lesser supply then price will definitely increase.
Let's discuss 3rd and last question .
Q3: As already told that demand is more then supply and supply will be reduce after#Halving but demand is increasing them their is a chance that in next two years BTC price hit $400k. It is possible that it may go more higher bcz the supply is limited to 21M. So, buy one BTC atleast to count in BTC family of 21M.
If you have any question regarding crypto or Blockchain you can ask in Comments . Like this post to appreciate my work. Follow #MU_Traders if you want more updates
