On the morning of April 20, at block height 840,000, Bitcoin completed its fourth halving. After the halving, the reward for miners per block has dropped from 6.25 BTC to 3.125 BTC.
In the week before the halving, the price of BTC plummeted from $70,000 to $59,600, hitting its lowest price since March. As of press time, the price of BTC is stable at around $63,000. In the past 7 days, the price of Bitcoin has fallen by 10%.
The essence of Bitcoin halving is to control the Bitcoin supply speed and inflation rate. By reducing the Bitcoin output rate through a program, the issuance speed of new Bitcoin coins can be reduced, the supply of tokens issued can be reduced, and the inflation rate can be reduced.
This halving seems to reduce output, but the actual miners’ income has increased a lot. There are inscriptions in front and runes in the back. , I feel that this is a trap set by the miners' interest groups. The purpose is to make you exchange your real money and bitcoin for some data. At least in my opinion, these have no value. All of this is profit speculation. There is no shortage of leeks and money in the market. Capital is a speculation to maximize interests. It seems that many people have become rich, but you find that it is always others who have become rich. If you don't make some stories, where will the leeks come from? This is the wealth creation effect, just like sol local dogs, but how many people's money has become someone else's? The market needs to be rational, don't FOMO, today's BTC chain fees have reached thousands of US dollars, it's scary to think about it, this is before you even start, you lose thousands first, and the rest are waiting for people to come in to take over, but how long can this last? What's left is still a mess. The project party made money, the miners made money, the people's money was 55%, the original amount of capital was returned, a few profitable KOLs came out to shout orders, and the rest of the leeks cut each other. The currency circle has been creating new narratives. The purpose is to keep creating effects. The essence can never be changed. It only depends on who is more capable and makes money from it.
Who is making money? Those who are losing money in cryptocurrency trading, contracts, new listings, local stocks, pledges, etc. Who else is losing money?
$BTC
