Mining reward halved. Here's Bitcoin reduced
Reason to buy now
Written by Dominique Ba Solto -
April 27, 2024
the main points
1_ In three previous halvings, Bitcoin rose to its highest levels ever
2_ The halving enhances Bitcoin’s attractiveness as a long-term store of value and a hedge against inflation.
3_While there is a reason for the rise, Bitcoin may not rise to the highest level as it was in the previous halving cycles.
Another way to think about this is that Bitcoin is the only asset in the world that has its own monetary policy. The halving mechanism largely controls how much new Bitcoin can be created at any given time. It also places a hard limit on the amount of Bitcoin that can ever be created, which is 21 million coins. All of this is done to make Bitcoin as inflation-resistant as possible.
It is a feat that even the most talented central bankers have not yet fully mastered. According to coinbase Global, Bitcoin is now a “programmatically anti-inflationary asset.” In other words, Bitcoin is literally programmed to resist inflation. So, if you are looking for a long-term store of value, it is Bitcoin.
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