#Bitcoin HALVING INCOMING
As most investors should know, one of the main factors that drives the price of an asset comes down to scarcity. This is why the halving plays an essential role when to comes to Bitcoin’s price.
The Bitcoin halving works in 4 year cycles. Every 4 years, the BTC rewards get split in half and distributed to miners. This means the amount of rewards becomes less and less every halving event, thus why we tend to see the bull run every 4 years shortly after the halving.
The previous halving happened in May 2020 with miners receiving 6.25 BTC as rewards. This will continue up until April 2024 where the rewards will then be 3.125 BTC.
Bear in mind - since the creation of the Genesis block (first ever block on the blockchain) we have only ever had three halving events. This April will be the fourth halving event, and after that…. there are still 28 to go until all 21,000,000 $BTC coins have been mined.
YES, the final halving event will happen in front of our family several generations in the future. To put things into perspective, anyone who is living today will never know the situation in the crypto market once the final halving takes place.
$BTC PRICE PREDICTION: From looking at chart TA, halving cycles and pattern repeats, BTC should be ranging from $100k - $220k by Q2 of 2025 for the peak of this upcoming bull run.
WE HAVE PLENTY OF TIME, YET THE CLOCK IS TICKING
