【Bitcoin's fourth halving and its impact】#BTC
Bitcoin is expected to usher in the fourth halving on April 20 (block height 840,000), when the block reward will drop from 6.25BTC to 3.125 BTC.
1. Due to the halving of issuance income, miners' profitability will face pressure, which will promote more efficient mining operations. At the same time, transaction fee income sources will become increasingly important.
2. The continued increase in demand for Bitcoin may offset selling pressure and the reduction in issuance, driving price trends.
After each halving, the price of the currency will have a very amazing increase! Let's review the price increase of Bitcoin after the halving in the past:
Before the halving in 2012, Bitcoin fell 38%, and rose 262 times after the halving.
Before the halving in 2016, Bitcoin fell 19%, and rose 53 times after the halving
Before the halving in 2020, Bitcoin fell 63%, and rose 23 times after the halving.
Before the halving in 2024, Bitcoin fell. How many times will it rise after the halving?