The Bitcoin #HalvingCylces is scheduled to occur in the next few days.

⇒ However, this fourth halving may differ from the previous ones, as it could have a more profound and nuanced effect, not just on the price but also on other aspects.

⇒ $BTC might have a more bullish outcome than you anticipate

 -- Bitcoin Halving

⇒ Bitcoin halving is a process where miners' rewards for validating transactions are cut in half.

⇒ It happens every four years after 210,000 blocks.

⇒ This is part of Bitcoin's monetary policy to gradually reduce the rate of new Bitcoin issuance and control inflation.

⇒ The most recent halving was in 2020, reducing the block reward to 6.25 bitcoins.

⇒ The upcoming halving, which will happen in the next few days, will reduce the reward to 3.125 bitcoins.


— Hashrate and Miners

⇒ After halving, historically the hashrate expected to drops as less profitable miners leave, but later improves when more efficient miners join.

⇒ However, it is predicted that the hashrate should stay steady after fourth halving, with a small decline and fast recovery.

⇒ Miners will experiment with underclocking and diversification to increase profits.

⇒ Miners may require improved equipment or expand operations globally to lower costs.



—

 BitcoinFi

⇒ The approval of US Bitcoin ETFs has changed the paradigm for Bitcoin:

  • Attracted new capital

  • Reduced selling pressure from miners

  • Made it easier for institutions to include Bitcoin in their portfolios

The increased demand will drive up the long-term value of Bitcoin.

⇒ Compared to 2020, we are seeing a notable rise in the development of projects, which in turn creates a higher demand for Bitcoin and tapping the dormant liquidity.

⇒ Below are the highlights of some projects:


[ Layer-2 ]

> Lightning Network
> BTC Layer2
> BVM Network
> BSquared Network
> #Merlin Layer2
> Runic Layer2
> ZULU Network
> Elastos
> Stacks
> Dark Fusion Tech
> Satoshivm $SAVM
> Liquid_ BTC
> Tuna Chain
> Build on Bob
> Map Protocol
> Rootstock
> Nint Layer
> Botanix Labs
> Bitfinity Net
> BitVM
> U Protocol
> Bool
> Naka Chain
> Dovi_L2
> RolluxL2
> citrea_xyz
> BitlayerLabs

[ NFT ]
> Runestone
> Ordinals/ BRC-20 $1000SATS
> SRC-20/ Stamps
> Bitmap
> etc.

.......................................

— Future Proof?

⇒ Bitcoin is often considered afuture-proof due to its decentralized nature and ability to operate independently of traditional financial systems.

⇒ Some experts argue that Bitcoin can alter the balance of power globally, potentially impacting state sovereignty and national power dynamic

⇒ However, certain situations can also affect the demand for Bitcoin.

⇒ Factors such as urgent geopolitical situations, unfavorable crypto regulations, bans, and other black swan events should be taken into consideration.

⇒ Bitcoin is not quantum-proof, but it can be made quantum-resistant. The Bitcoin blockchain uses a vulnerable hash algorithm called SHA-256.

⇒ However, Bitcoin can be updated to be quantum-resistant by using new cryptographic schemes like Lamport signatures or quantum-resistant hash algorithms.

#bitcoinhalving