With less than 12 days until Bitcoin halving, what will happen in the crypto industry?
Bitcoin halving, this highly anticipated event is coming, heralding a new wave of turbulence in the cryptocurrency market. With about 13 days left before the halving, I have some thoughts on future trends. The arrival of the mid-stage outbreak period Bitcoin halving is generally considered to be the beginning of the mid-stage outbreak period of the market. Past historical data shows that after halving, Bitcoin prices tend to rise to a certain extent. This trend is partly due to the expectation of a reduction in Bitcoin supply, which has aroused investors' attention to its scarcity. In addition, the halving event will also attract more attention and media coverage, increasing investor participation. Therefore, various cryptocurrency sectors may usher in a new round of outbreaks, and Bitcoin will undoubtedly lead this trend. The impact of halving of miner rewards Bitcoin halving means that the income from mining will be reduced by half. In this case, miners will face greater economic pressure. In order to make up for the reduction in income, they are likely to look for other ways to increase their income. One possible option is to obtain additional income by speculating on-chain assets such as inscriptions and NFTs. The inscription market has attracted much attention due to its uniqueness and scarcity, and miners may use this to increase their own income. Therefore, the inscription market may usher in a new wave of enthusiasm after the Bitcoin halving and become the focus of investors' attention.
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