LIVE
🔥💥This Bitcoin Halving will be different from previous ones: Here's why
There is now very little time left for the halving of the Bitcoin block reward. Why will the upcoming halving be different from the previous ones? We have summarized some of the reasons that make this halving unique.
The Bitcoin block reward halving, which occurs every four years, is now only 8 days away. Current data shows that halving will take place on April 20. The fourth half of Bitcoin has differences in many ways. the halving in 2012, 2016 and 2020 did not have such different dynamics. What makes the fourth halving unique?
First of all, the #Bitcoin price broke a record for the first time in its history before a halving. This has never happened in the past. Usually, the price record comes months after halving, but this time it was seen 1.5 months earlier. Antoni Trenchev, co-founder of the cryptocurrency exchange Nexo, commented on the issue, “What makes this halving unique is that Bitcoin has already exceeded the highest level of the last cycle. This situation, which has never happened before, makes it much more difficult to predict the length and severity of the cycle.” he says.
Another reason why the upcoming halving is not like the previous ones is that professional investors have entered the market. From BlackRock to Fidelity, JPMorgan to Goldman Sachs, major Wall Street institutions, family offices, asset management companies and pension funds have begun to incorporate Bitcoin into their portfolios and services. Some of these institutions are also doing the marketing of the upcoming halving these days.
The existence of ETFs also makes this halving absolutely different from the others. Since the launch of Bitcoin ETFs on January 11, there has been a net inflow of $12.6 billion to date. This figure, which corresponds to 180 thousand BTC, is more than twice the amount of #BTC produced in the same period.
