🍃Is Bitcoin Halving good or bad?🍃 The Bitcoin halving is | Luka Aravinda on Binance Square

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🍃Is Bitcoin Halving good or bad?🍃
The Bitcoin halving is considered a good economic model as it creates disinflationary pressure on the digital currency, helping it to increase in value over time (provided demand for Bitcoin continues to grow).

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🍃Can Bitcoin Reach $100,000 by 2024?🍃 The current year is the year of Bitcoin’s fourth #halving . It is expected to occur in the month of April. It forms the basis of #Bitcoin‬ ’s monetary policy and supports its increasing scarcity by cutting Bitcoin’s supply growth rate in half approximately every four years. At one point the supply growth rate of Bitcoin exceeded 10%, but it has been cut to about 1.75%. In the halving month, i.e. anticipated in the month of April, this year it will fall to just 0.85%. The BTC halving will continue until all the 21 million coins are mined, sometime in the year 2140. Currently, around 19.6 million BTC coins are circulated in the cryptocurrency market.

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