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#halving #BTC #etf
A Bitcoin mining fork is an event that occurs approximately once every four years, and reduces the reward given to miners in half for each block mined, which means reducing the number of new coins produced. Currently, 6.25 Bitcoins are mined in each block, and after the split, this amount will decrease to 3,127 Bitcoins in each block. This mechanism represents an essential part of the Bitcoin mining process and its overall impact on the network.
It is important to note that this is not the first Bitcoin fork event; Three divisions have previously occurred, the first in November 2012, the second in July 2016, and the third in May 2020, and the next event will be in April 2024.
A mining reward split is an event that halves the mining reward for each block. In theory, this split occurs approximately every four years, and it forms an essential part of the coin's mechanism to ensure its continuity and rarity. To date, Bitcoin has been mined at a rate of 6.25 BTC per block. After the expected fork in 2024, this reward will decrease to 3.125 BTC per block.
According to experts, this reduction in the rate could lead to a reduction in the currency's programmed inflation rate from 3.65% to 1.8%.
In practice, miners will be directly affected by the reward split
A Bitcoin mining fork is an event that occurs approximately once every four years, and reduces the reward given to miners in half for each block mined, which means reducing the number of new coins produced. Currently, 6.25 Bitcoins are mined in each block, and after the split, this amount will decrease to 3,127 Bitcoins in each block. This mechanism represents an essential part of the Bitcoin mining process and its overall impact on the network.
It is important to note that this is not the first Bitcoin fork event; Three divisions have previously occurred, the first in November 2012, the second in July 2016, and the third in May 2020, and the next event will be in April 2024.
A mining reward split is an event that halves the mining reward for each block. In theory, this split occurs approximately every four years, and it forms an essential part of the coin's mechanism to ensure its continuity and rarity. To date, Bitcoin has been mined at a rate of 6.25 BTC per block. After the expected fork in 2024, this reward will decrease to 3.125 BTC per block.
According to experts, this reduction in the rate could lead to a reduction in the currency's programmed inflation rate from 3.65% to 1.8%.
In practice, miners will be directly affected by the reward split
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#halving #BTC #priceprediction
As $BTC approaches its 4th halving scheduled for April 2024, many observers are wondering: will the price of BTC experience another spectacular surge as during previous halvings?
If we look at the history of BTC prices, we see a recurring trend: a marked drop systematically precedes each Halving, paving the way for a future bullish rally.
Thus, at the end of 2012, the price of BTC plunged by 50% a few months before the first Halving. Then, it soared the following year to reach new heights at +11,000%. Same scenario in 2016 with a fall of 40% just before the second Halving, followed by a spectacular surge of +3,000%. Ditto in 2020, where the fall reached 63%, subsequently fueling a powerful rally of +700%.
Currently, after a 20% rebound in 2024, several analysts anticipate a new consolidation below $45,000, a sort of necessary breathing space before a new takeoff. These recurring pendulum movements make it possible to purge the market before it catches fire, driven by increasingly solid fundamentals.
After each halving, the division by 2 of the issuance of new BTc causes a scarcity of the available supply. Consequence: a spectacular surge in demand and prices.
During the 3 previous post-Halving cycles, the price of BTC literally soared for 12 to 18 months: +11,000% gains in 14 months after the 2012 Halving, then +3,000% in 16 months following that of 2016, and finally +700% in 12 months after the Halving of May 2020.
Big players like BlackRock are aggressively accumulating BTC. In total, ETF issuers already hold more than 660,000 BTC. The mad race for BTC is therefore in full swing before the next Halving.
With such a buying frenzy and the inevitable contraction in supply, many ingredients are coming together to witness a new historic surge in prices after April 2024
As $BTC approaches its 4th halving scheduled for April 2024, many observers are wondering: will the price of BTC experience another spectacular surge as during previous halvings?
If we look at the history of BTC prices, we see a recurring trend: a marked drop systematically precedes each Halving, paving the way for a future bullish rally.
Thus, at the end of 2012, the price of BTC plunged by 50% a few months before the first Halving. Then, it soared the following year to reach new heights at +11,000%. Same scenario in 2016 with a fall of 40% just before the second Halving, followed by a spectacular surge of +3,000%. Ditto in 2020, where the fall reached 63%, subsequently fueling a powerful rally of +700%.
Currently, after a 20% rebound in 2024, several analysts anticipate a new consolidation below $45,000, a sort of necessary breathing space before a new takeoff. These recurring pendulum movements make it possible to purge the market before it catches fire, driven by increasingly solid fundamentals.
After each halving, the division by 2 of the issuance of new BTc causes a scarcity of the available supply. Consequence: a spectacular surge in demand and prices.
During the 3 previous post-Halving cycles, the price of BTC literally soared for 12 to 18 months: +11,000% gains in 14 months after the 2012 Halving, then +3,000% in 16 months following that of 2016, and finally +700% in 12 months after the Halving of May 2020.
Big players like BlackRock are aggressively accumulating BTC. In total, ETF issuers already hold more than 660,000 BTC. The mad race for BTC is therefore in full swing before the next Halving.
With such a buying frenzy and the inevitable contraction in supply, many ingredients are coming together to witness a new historic surge in prices after April 2024
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The #halving of $BTC is a change that takes place approximately every 4 years. This English term means "to divide in two". $BTC holders can rest assured, it is not the tokens that are split in two! These are the rewards for $BTC miners that are halved.
Some explanations are necessary to fully understand the whole thing. The BTC blockchain works with proof-of-work. This means that for transactions to be validated, miners must provide energy, computing power, to solve a cryptographic problem. This mechanism is one of those which makes it possible to secure the blockchain and allow it to operate without a trusted third party. Miners who validate a block receive BTC as a reward.
As the mining difficulty is calibrated so that a block is validated approximately every ten minutes, and the halving takes place after 210,000 validated blocks, therefore this event takes place approximately every 4 years.
We therefore know that there will be a #halving during April 2024, without knowing the precise date in advance. Following this halving, the creation of a block will result in the issuance of 3.125 BTC, compared to 6.25 in February 2024.
With the #halving of 2024, the number of new tokens in circulation will therefore decrease. With supply reducing, if demand remains equal, the price of BTC should increase. This mechanism therefore makes it possible to support the value of the queen of cryptocurrencies. This is why star managers and influencers are talking more and more about #halving when it arrives: they see it as a window of opportunity which they necessarily judge to be a winning one for investors.
It must be said that the first 3 #halving proved them right. If we take the period between the halving and 365 days after, the increases have always been quite spectacular:
Halving 1 (2012): +6,033%
Halving 2 (2016): +328%
Halving 3 (2020): +508%
Some explanations are necessary to fully understand the whole thing. The BTC blockchain works with proof-of-work. This means that for transactions to be validated, miners must provide energy, computing power, to solve a cryptographic problem. This mechanism is one of those which makes it possible to secure the blockchain and allow it to operate without a trusted third party. Miners who validate a block receive BTC as a reward.
As the mining difficulty is calibrated so that a block is validated approximately every ten minutes, and the halving takes place after 210,000 validated blocks, therefore this event takes place approximately every 4 years.
We therefore know that there will be a #halving during April 2024, without knowing the precise date in advance. Following this halving, the creation of a block will result in the issuance of 3.125 BTC, compared to 6.25 in February 2024.
With the #halving of 2024, the number of new tokens in circulation will therefore decrease. With supply reducing, if demand remains equal, the price of BTC should increase. This mechanism therefore makes it possible to support the value of the queen of cryptocurrencies. This is why star managers and influencers are talking more and more about #halving when it arrives: they see it as a window of opportunity which they necessarily judge to be a winning one for investors.
It must be said that the first 3 #halving proved them right. If we take the period between the halving and 365 days after, the increases have always been quite spectacular:
Halving 1 (2012): +6,033%
Halving 2 (2016): +328%
Halving 3 (2020): +508%