BTC is about to reach ATH, so can it continue to rise in the future?
I would like to share a set of data with my friends (there are certain deviations in the specific values, but it does not affect the judgment)
What impact have the previous halvings had on BTC prices?
The first halving: from 4 USD to 52 USD peak, from February 2012 to January 2014, an increase of more than 10 times.
The second halving: USD 670 to USD 16,914 peak, July 2016 to December 2017, an increase of more than 20 times.
The third halving: the first peak was from 8697 USD to 62899 USD, from 2020.5 to 2021.4, an increase of more than 5 times.
The fourth halving is about to begin: 68,000 USD - ? 2024.3-2025.1? Even if the increase is more than 1 times, it will be 136,000 USD/BTC.#热门话题
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What is BTC halving?#BTC #热门话题
Bitcoin halving is an important event that usually has an impact on the price of Bitcoin and the entire cryptocurrency market. Bitcoin halving refers to the halving of Bitcoin mining rewards every 210,000 blocks generated by the Bitcoin network. This means that miners will receive fewer Bitcoins as rewards for confirming transactions and maintaining the network.
What impact will the halving have?
Increased supply pressure: The Bitcoin halving results in a decrease in the supply of new Bitcoins, which could increase demand for existing Bitcoins. If demand remains the same or increases, while supply decreases, this could lead to a rise in prices.
Market expectations: Bitcoin halving is usually the focus of market attention because it is triggered by a mechanism fixed within the Bitcoin protocol. Many investors will adjust their investment strategies based on this event, which may lead to market volatility.
Historical performance: Bitcoin halving events have occurred three times in the past, in 2012, 2016 and 2020. After these three events, Bitcoin prices rose significantly. While past performance is not indicative of future results, this historical trend may spark optimism.
Miner Profits: The Bitcoin halving will directly affect miners’ profits as the Bitcoin rewards they receive are halved. For some miners, this may cause their mining activities to no longer be profitable, especially in areas with high electricity costs.
