If you haven't fully understood BTC's value, think about it this way.
Imagine all of the world’s oil in one single wellhead.
In 2009, when Bitcoin (BTC) was introduced, the wellhead was fully open at 100%.
By 2012, during the first halving, it was reduced to 50% open.
In 2016, at the second halving, it was further reduced to 25% open.
In 2020, the third halving brought it down to 12.5% open.
After late April of 2024, following the fourth halving, it will be just 6.25% open, and it will halve again to 3.125% open in 2028. The oil debit of the well will continue to be cut until 2140.
Now in oil cases, as long as people use gas for their cars and machines, there's always demand, and since the supply are decreasing and demand stay the same (or increases!) oil price will always go up! But why they don't go up drastically like BTC did? Well, there's a crucial difference between them. People will always find another oil reserve.
What about BTC situation? The number of BTC is fixed and can never be added! So, as long as people use internet and governments keep printing cash massively either to wage war or enriching politician, the BTC demand will always there (and will always go up too!!!). So, it's safe to say that BTC price will always go up overtime.
Thats it, Be safe, Godspeed.
