1. Currently, the number of active Bitcoin addresses has exceeded 1 million, and the number of wallets with funds has exceeded 50 million
2. Bitcoin halving occurs approximately every four years or when 210,000 blocks are mined. The mining reward will be reduced by half after each halving. The current reward for not mining a block is 6.25 bitcoins.
3. This mechanism will gradually reduce the amount of new bitcoins generated. It is estimated that around 2140, the total amount of bitcoins will reach 21 million and stop growing.
4. Review the history of halving: The first halving occurred on January 28, 2012, when the price of Bitcoin was only $5.76; the second halving was on July 9, 2016, when the price of Bitcoin rose to $666.30; the most recent halving was on May 11, 2020, when the price of Bitcoin reached $9,179.21. It is predicted that the next halving may occur around April 19, 2024, when the price of Bitcoin is expected to break through the $50,000 mark.
5. The innovative concept of Bitcoin was proposed by Satoshi Nakamoto in 2008 and officially put into use in 2009.
6. Its original design was to create a form of currency that is completely different from the traditional financial system. The total supply of Bitcoin is strictly limited to 21 million, and each halving event has attracted much attention from the market.
7. Recently, in the short term, halving tends to drive up the price of Bitcoin. However, in the long term, the price of Bitcoin still depends on market demand and overall economic conditions.
8. In fact, it is not just BTC. Stock markets in various countries, even A-shares, have all seen a general rise in April. AI will bring another leap forward in human productivity. All walks of life will benefit from the explosive development of AI technology. The market is interpreting and pricing in advance, looking forward to a new economic growth cycle for mankind.
In the face of an all-out bull market, I suggest that you read less analysis and go to more lively places where there are many new investors. The rise of many stocks/coins is inexplicable, and all kinds of indicators are invalid, so there is no way to use rational analysis.
