🧨 FOR YOUR BETTER UNDERSTANDING: HALVING!
It is thought that there will be an increase after the #bitcoin halving.
- What actually is halving?
Halving reduces the Bitcoin reward miners receive per block in half. Currently the reward for a block is 6.25 BTC. So miners produce 6.25 BTC in each block.
A new block is produced every 10 minutes, meaning 144 blocks are produced in 1 day. Since the reward per block is 6.25, 144 x 6.25 = 900 BTC is produced daily.
After the halving occurs, the reward for each block will be 3,125 BTC. So daily production will decrease from 900 to 450.
Anyone who knows basic economics will easily understand that a decrease in production will cause an increase in prices. When we look at the 3 halvings that took place in the past years, we see that Bitcoin experienced very serious increases after the halving.
The increase in demand for Bitcoin with the ETF has already increased the price from around $40,000 to $70,000, but the fact that production will decrease with the halving greatly increases the possibility of the price continuing its rise rapidly.
While even the decrease in production in previous halving periods caused a serious price increase, this time the increase in demand along with the decrease in production will probably cause the price to increase much more seriously.
In this process, there will be sudden rises to drive small investors to buy, sudden declines to drive them into panic, and horizontal movements to drive them to impatience.
To summarize, the fundamental factors will become much more positive with the halving. Therefore, I think that those who buy without worrying about short-term declines in this period can make very serious profits in the coming months.
Thanks DMRkrypto.
