#比特币减半 enters the countdown, what should we most 期待什么?
What is the Bitcoin halving and why is it important?
The Bitcoin halving is a major event in the cryptocurrency world and will take place on Friday night, April 19th, or early Saturday, April 20th. In short, this event occurs approximately every four years and means that miners' Bitcoin rewards will be reduced by half.
The Bitcoin halving schedule, created by Bitcoin creator Satoshi Nakamoto, is that miner rewards will be reduced by half after every 210,000 blocks are mined. With the fourth halving approaching, the reward will be reduced from 6.25 BTC to 3.125 BTC.
This process is crucial because it ensures that the supply of Bitcoin is controlled until the total cap of 21 million coins is reached around 2041. However, this halving is different from previous halvings due to ongoing geopolitical tensions and the recent approval of a US spot Bitcoin ETF. It has already affected the price of Bitcoin.
It is worth noting that Bitcoin halving events are an integral part of Bitcoin’s design as they regulate supply and influence market dynamics.
What to expect from this halving?
As investors and miners prepare for the upcoming halving event, let’s look at its potential impact.
Potential Impact on Bitcoin Price
Bitcoin enthusiasts often highlight the cryptocurrency’s scarcity as a key driver of its value. With fewer available Bitcoins, demand could push prices higher. However, skeptics argue that this effect may already be priced in, while the opaque nature of the mining industry adds to uncertainty.
Nonetheless, many cite historical data to predict a bullish future after halvings, with previous events posting price surges.
Understanding the mechanics of halving reveals its potential impact: By cutting production in half, it creates a supply and demand bottleneck, akin to reducing money printing.
Therefore, as Bitcoin adoption grows, its scarcity could push Bitcoin prices higher in the coming days. Since only 21 million Bitcoins will ever be mined, slowing production still maintains high demand. Therefore, historical trends and basic economics suggest that Bitcoin prices will trend higher after the upcoming halving event.
Again, we are ready for the halving
Observation: omni, bome, sol, ena ....... The time is not right yet,
When it is, I will say #新币挖矿omni #Meme
Specifically, follow me into the Niu Village🌹#大盘走势 #wife
If you come to me, I will take you ashore, just lie down,
Friends who deduct 8 in the comment area will take you into the Niu Village! (Free)
Lao Li will not let Lao Li's fans miss out in this bull market! This is the truth
