Bitcoin Halving 2024: What to Expect?
In 2024, the crypto community expects another Bitcoin halving - a halving of miners’ rewards for mining new blocks.
This event occurs once every four years and has a significant impact on the market:
1. Halving limits the supply of new bitcoins, making them more scarce. This creates deflationary pressure and potentially leads to an increase in the BTC price.
2. After previous halvings in 2012, 2016 and 2020, the price of Bitcoin showed significant growth in the next 12-18 months.
3. However, immediately after the halving, sometimes a short-term correction was observed due to the exit of some miners from the network.
4. The long-term effect of halving depends on the demand for BTC. The higher the demand, the greater the impact of a reduction in supply on the price.
5. Many analysts predict that Bitcoin will rise to new highs after the 2024 halving, perhaps to $100,000 and above.
Thus, the 2024 halving could be the catalyst for a new Bitcoin bull run. However, short-term fluctuations are inevitable, so investors should be patient.
