🔰 Important Update 🔰
Less than 3,000 blocks remain until the Bitcoin halving event.
As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.
The first reward was 50 bitcoin. Previous halving dates were:
Nov. 28, 2012, to 25 bitcoins
July 9, 2016, to 12.5 bitcoins
May 11, 2020, to 6.25 bitcoins
which will fall to 3.125 BTC after this Halving in apr 2024.
Understand the significance of this event. It highlights the scarcity of Bitcoin & it's deflationary nature. Historically, btc has never fallen below the price before previous Halving.
Today we have weekly & monthly close. If whales manage to close today above the previous ATH of 69k, then I believe it's very bullish for upcoming months ahead.
