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It's Urgent Big #alert ABout $1M $BTC !

‘$1 Million BTC’ Advocate Samson Mow Announces 'Bitcoin Quantitative Hardening'

Bitcoin OG Samson Mow celebrates the just arrived BTC halving

Samson Mow, the former CSO at Adam Back’s Blockstream and now the chief executive at a Bitcoin-adoption company Jan3, has published a Twitter/X post to announce that the long-anticipated fourth BTC halving has finally arrived.

"Bitcoin quantitative hardening" is here Mow has referred to it as the “4th Bitcoin quantitative hardening.” Here, the influencer opposes it to quantitative easing that the US Fed Reserve has taken to quite frequently over the last few years, injecting billions and trillions of US dollars into the economy and, as many experts believe, has started to debase the US dollar.

Many experts also believe these QEs to be a major driver that first pushed the Bitcoin price above $61,500 in April 2021 and then on to the $69,000 all-time high in November that year.

In 2024, an unusual thing happened – the world’s pioneer cryptocurrency for the first time reached a new historic price peak before the halving (hitting $73,750 in March), not after it. Every halving reduces the amount of new Bitcoins injected into circulation in the form of miners’ block rewards.

Today, after the halving these rewards were slashed from 6.25 BTC to 3.125 BTC and they will remain at that level for the next four years until the fifth halving takes place.

On this critical aspect of the halving Mow also commented by posting a tweet, which said: “Whatever Bitcoin you owned before this moment (Block 840,000), is now twice as hard for miners to procure for the market.” At the time of this writing, Bitcoin is changing hands at $63,913, according to the data provided by CoinMarketCap.

#bitcoinhalving #BTCHalvingApril2024 #Write2Earrn #whales_game