The fourth halving is different from the previous three
There are less than two weeks left before the Bitcoin halving, and the specific time is difficult to predict.
Because the halving depends on the block height, the Bitcoin halving mechanism is to halve the block reward every 210,000 blocks. The fourth Bitcoin halving will occur at a height of 840,000, and there are still 2,000 blocks left.
I think the fourth halving is completely different from the previous three times for the following reasons:
1. Currently, 19,674,556 BTC have been mined and 1,325,443 BTC remain to be mined
After the halving, the circulation volume is 93.7%, and about 450 new coins are produced every day. Compared with the previous three halvings, the supply and demand relationship of Bitcoin will be seriously unbalanced. The demand for Bitcoin spot ETFs is not a few hundred coins a day. The imbalance between supply and demand can only increase the price of the currency.
2. The passage of Bitcoin spot ETF has lowered the threshold for ordinary people to invest in Bitcoin. There is no need to register cumbersome exchanges and exchange stablecoins. Cash can be directly used for trading, and there is no need to worry about the safety of asset storage. It will continue to bring more Bitcoin holders and a large amount of inflows. For example, the gold ETF has risen for 8 consecutive years after its passage.
3. The halving catches up with the interest rate cut. We may not see an interest rate cut in the first half of the year. In the second half of the year and next year, a large amount of funds will enter the market.
4. Institutions have invested more than ever before to enter the Bitcoin market to buy and hold Bitcoin, and more and more HOLDs are being made.
5. Individual investors and institutional investors are all reluctant to sell Bitcoin. They only buy and do not sell because everyone's understanding of Bitcoin is improving. It is no exaggeration to say that Bitcoin will continue to rise in their view. The continued decline in the stock of Bitcoin on the exchange is the best explanation.
Bitcoin is a better value storage than gold to fight inflation. The increase in Bitcoin in this bull market will exceed everyone's imagination. The pattern is open to be a HOLD! ! !
