BTC halving guide and its importance.
It is about 30 days away from the fourth BTC halving
BTC will usher in explosive pull-ups every year after halving,‼ ️
After the halving, the cost of BTC mining will be around $40,000
What is BTC halving?
BTC halving occurs every four years, or once after 210,000 blocks are mined. During this event, the reward for mining new blocks will be halved. That is to say, the mining reward will be reduced from 6.25BTC to 3.125BTC at that time.
Currently, about 19.68 million BTC have been mined. After the halving in April, about 452 new BTC can be mined every day. It is predicted that the last BTC will be mined in 2141, and it is highly likely that this historical moment will not be witnessed.
The importance of halving
1. It plays a very important role in BTC's economic model and ensures its deflationary nature.
2. It reduces the speed of creating and releasing new BTC into circulation.
3. The slowdown in supply increases scarcity. Generally speaking, the scarcer something is, the more valuable it is. Therefore, in essence, if demand rises and supply decreases, the price of BTC will get higher and higher.
I wonder what you think about this?
