Do you know the bull run happens 6months - 1yr after the Bitcoin halving.
Why do we see market prices going up ?
It's because, after halving the Bitcoin miners rewards is divided into two which makes the cost of production more expensive and no miner or businessman wants to be on loss.
With that there is a particular price that Bitcoin needs to be.
People who will be seeing the significant rises in price in Bitcoin but can't afford it will venture into other Cryptocurrencies with lower price and with that all tokens will be on bull horn.
Don't forget Bitcoin is the mother of all other Cryptocurrencies (ALT) with that others will have significant increase in price.
Aside this fundamentals stated above, it's just like World cup!!
Every 4 years people are excited, to build viewing centres, get tickets and Many others just to be prepared and not be left out including the predictors who will stake in money.
So as this Bitcoin halving, it's scheduled to be every 4years, last took place 2020 and 2021 there was massive increment.
This coming one is scheduled around April or May 2024 which is less than a year from now.
People are getting prepared to take advantage of the hype, the Halving and also be able to make some earnings.
I may love to say this, it might be the biggest and maybe the last Biggest halving because it's a free market to some extent as the next which will be 2028 might not be as massive as this due to regulations.
Regulations will restrict the free market and easy influencing of market won't be possible just like the stocks.
Thanks for reading
Davizoe Effiong,
CEO BEI Consultancy Limited
