⚠️trading strategy #халвинг #Halving #Bitcoin (BTC) #CRYPTO #INVESTIDEAUA @INVESTIDEAUA
In 100 days, Bitcoin halving will occur - an event that is a catalyst for changes in the price of Bitcoin (BTC).
▶️2023 saw a renaissance after a bearish year in 2022, with the leading cryptocurrency strengthening 154%, although some higher volatility tokens outperformed. The expected launch of a Bitcoin spot ETF has captured the industry's attention, but before it arrives, another factor, the April halving, could have a significant impact on the price.
▶️The halving, which occurs every four years, limits the supply of bitcoins to 21 million.
At the beginning of January 2023, there were 19.59 million BTC units in circulation. The block reward reduction as a result of the halving, which dropped from 12.5 to 6.25 Bitcoin in 2020, will be repeated in 2024, reducing the reward to 3,125 BTC.
▶️ Between the halvings in 2016 and 2020, the price of Bitcoin increased by 1263%, and a similar increase is predicted between the halvings in 2020 and 2024.
▶️ Historical data shows a significant increase in the price of Bitcoin after the halving.
For example, between the halvings in 2012 and 2016, the price increased by 5187%, and after the halving in 2016, the rate increased by 2922% to an all-time high.
▶️ Institutions are also showing interest in the upcoming event: MicroStrategy increased its Bitcoin acquisition volume to 56,650 units this year, up from 8,109 units in 2022. MSTR periodically increased purchases before the April halvings.
