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Bitcoin's fourth block reward halving took place successfully. This means halving the rewards given to Bitcoin miners and happens every four years. This carries the potential for price increases as the supply of new Bitcoin decreases. However, financial institutions such as JPMorgan and Deutsche Bank state that the market has already priced in this event.

After the block reward halving, daily miner rewards dropped to 450 BTC. This decrease could reduce the supply of new Bitcoin being released, triggering a price increase. Bitcoin-supporting politicians and strong demand for spot Bitcoin ETFs could support this rise.

Kok Kee Chong, CEO of AsiaNext, states that there was no big movement in the price after the halving and that this was expected by the market. However, the industry generally expects a strong price rally in Bitcoin and altcoins in the coming period.

What will happen to Bitcoin now? Macroeconomic factors and geopolitical developments may affect Bitcoin investors in the short term. Additionally, reduced revenue for mining companies could strain their revenue models. However, for long-term investors, buying on dips is recommended; because historical models show that peaks generally occur within 1.5 years of a halving event.

#BitcoinDunyamiz

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