Halving $BTC is a process that occurs every 210,000 blocks, approximately every four years. In a halving, the reward for mining Bitcoin blocks will be halved, which will reduce the supply of Bitcoins entering circulation. 😍🚀
In this halving, Bitcoin has completed its fourth halving on April 20, 2024. This will reduce the supply of Bitcoin entering circulation, which can make Bitcoin more rare and valuable.
However, there are several factors that can influence the price of Bitcoin after the halving. JPMorgan, a leading bank, estimates that the price of Bitcoin has been affected by the halving, and considers the halving to have been influenced by the market.
Most Bitcoin analysts and traders consider the increase in Bitcoin prices after the halving as a normal price increase, which can be caused by a lack of Bitcoin supply. However, there are also other factors that can influence Bitcoin prices, such as global market conditions, new regulations, and the influence of Bitcoin ETFs.
Apart from that, halving can also affect altcoin prices. Ethereum, for example, could experience a price increase following the Bitcoin halving.
So, is this halving, Bitcoin prices have gone up? or even higher? This depends on various factors, such as global market conditions, new regulations, and the influence of Bitcoin ETFs. However, the lack of Bitcoin supply may affect the price of Bitcoin after the halving. 🤑🤮🥶
