📌📌 BTC HALVING ⏰️⏰️
We're all buying and waiting for the explosion of tokens to come after the halving of BTC. It's become commonplace for traders to talk about this but what does the halving really mean?
The Bitcoin halving is expected to occur around May or April 2024. During this process, transactions are verified on the blockchain, and new bitcoins are introduced into circulation.
Miners use complex math to generate cryptographic numbers that match existing blocks. Bitcoin mining is projected to continue until 2140 due to the fixed supply of 21 million bitcoins, with over 19 million already mined and less than 2 million remaining to be created by Satoshi Nakamoto, the pseudonymous founder of Bitcoin.
Simply put, BTC halving is the introduction of new bitcoins into the trading space. Hence, 61-64,000 that it currently moves around may be the least we will be seeing it at this year. This begs the question, would we be seeing BTC over 100k before the year's end?
