The impact it has on the price of Bitcoin. By reducing the supply of new bitcoins, the halving increases the scarcity of the currency and, therefore, its value.
At least, that is the theory. In practice, the price of Bitcoin depends on many other factors, such as demand, competition, regulation, innovation, etc. However, there is no denying that the halving has coincided with some of the most bullish moments in Bitcoin history.
While you, like many, may think that the price of bitcoin will take off immediately or grow suddenly, let me tell you that you are wrong.
Although the institutions have already acquired a large part of these bitcoins, they have the game on that side, in which, most likely, they will become profitable before this event happens these days, another point is that before this event happens, the Whales will instill fear in the price significantly, creating selling pressure so that bitcoin holders start selling for fud, this is something completely logical, since the market is about this, playing psychologically with each other.
If a correction is expected, it could not be precious how far it could go, but I would not expect the price to drop below $40,000 in the areas we are in, and a setback should also be considered an opportunity, not fear.
Although we know that by reducing supply of demand, it is logical that the price will tend to rise, but this is where the second point goes, you must be patient.
2024 and 2025 are projected to be the best years for the price of bitcoin since its existence, first due to this factor and then due to the institutional factor, etc. It has grown too much since its creation and its level of adoption continues to be higher.
Although we have laws like the Mica law that will begin to run in Europe and the wolves of the SEC lurking, bitcoin has a spectacular path these years, you just have to stay calm and not get into fud or fomos in the market.
