🔴🔴🔴 Since the beginning of 2022, articles about Bitcoin price dynamics have often mentioned the halving expected in April 2024. What is the significance of this event and how will it affect the price of Bitcoin and the digital currency industry as a whole?
By creating Bitcoin as an alternative to inflationary fiat currencies, whose emission is not limited and leads to a loss of value, Satoshi Nakamoto provided a deflationary component in the form of a mechanism #Halving
Halving occurs every 210,000 blocks, or approximately every 4 years, and along with reducing the reward to miners, cuts the total number of mined coins in half. It is estimated that the last Bitcoin will be mined in 2140, after which the maximum supply will be 21 million coins. After this, miners will receive payment exclusively in the form of commissions for OBK. In 2024, the following dates for halving the reward are fixed:
How Bitcoin halving affects the rate: study the data
01/03/2009. There is no data because almost no one knew about Bitcoin. Cryptocurrency exchanges appeared only in October 2009. Before that, single transactions were carried out, users agreed on the exchange rate on their own. Due to the difficulty of purchasing, crypto enthusiasts mainly obtained the coin through mining.
November 28, 2012. After the halving, Bitcoin quotes rose from $11 to $1,100 – an increase of more than 10,000%.
07/09/2016. #btc was in consolidation; after the reward was increased, it increased slightly by 12% (from $550 to $670). In 2017, the coin reached $2.5 thousand - more than 450%.
05/11/2020. Over the course of a year, the price rose from $8.5 thousand to $64.8 thousand - 662%.
A Guide to #Halving Bitcoin and Why It Matters 2024! What's next for Bitcoin?
Халвинг не повлияет на текущие запасы $BTC , хранящиеся на биржах или в кошельках. Он косвенно влияет на цену биткоина и всю криптовалютную экосистему. Инвесторы, спекулянты и энтузиасты криптовалюты следят за этим событием, поскольку #биткоин является индикатором всего крипторынка. Эксперты Profinvestment полагают, что биткоин уже начал восстанавливаться после коррекции в 2021–2022 годах, и халвинг позволит ему достичь новых максимумов.
🔴🔴🔴 You can expect growth of 2–5 times from the current level within 1–2 years. However, not all analysts agree with this opinion. Today, the Bitcoin exchange rate is less dependent on miners, so halving is just one of many factors. More important is the adoption of cryptocurrencies in different countries and the overall economic background.
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