YOU HAVE TO KNOW THIS👇👇👇
TWO REASONS THAT WILL DRIVE BITCOIN🚀
1. BITCOIN HALVING. The halving is a scheduled event that occurs approximately every four years on the Bitcoin network. In this event, the reward that Bitcoin miners receive for validating and securing transactions is halved. In other words, the amount of new Bitcoins created in each mined block is reduced by half. The Bitcoin halving has several effects such as:
SHORTAGE: By reducing the reward for miners, the creation of new Bitcoins slows down. This contributes to the perceived scarcity of the cryptocurrency and is often associated with increases in its price.
SCHEDULED EVENT: Unlike fiat currencies, whose supplies can increase without restrictions, Bitcoin's halving is predictable and occurs every 210,000 blocks.
INCENTIVE: Halvings also influence the economic dynamics of the Bitcoin network as they affect the incentives for miners and their profitability. Halving is an important aspect in the Bitcoin system and is considered one of the factors that contribute to its long-term appreciation model.
2. THE IMMINENT APPROVAL OF THE BITCOIN ETF.
A Bitcoin ETF, or Bitcoin Exchange-Traded Fund, is a type of investment fund that tracks the price of Bitcoin or another cryptocurrency. These funds are listed on stock exchanges, allowing investors to buy and sell shares on the secondary market in a similar way to a company's shares. The main advantage of a Bitcoin ETF is that it provides a more accessible and regulated way for investors to gain exposure to the price of Bitcoin without needing to own and store the cryptocurrency directly. Investors can buy and sell ETF shares through their traditional brokerage accounts. These ETFs are typically backed by Bitcoin ownership or Bitcoin futures contracts, providing investors with an indirect way to participate in the ETF market. cryptocurrencies.
