The Cryptocurrency world is buzzing with anticipation as the next Bitcoin Halving draws near, currently slated for mid-April 2024. This highly anticipated event, which takes place approximately every four years based on the number of blocks mined, is a pivotal moment in the lifecycle of the world’s leading digital asset.
For the uninitiated, the Bitcoin Halving is a pre-programmed event that cuts the reward for mining new Bitcoin blocks in half. This mechanism is designed to control the supply of Bitcoin, ensuring its scarcity and, consequently, its value over time.
The halving event is an ideal example of how the principles of supply and demand govern the Cryptocurrency market and other markets. As the rate of new BTC entering circulation slows down, the existing supply becomes increasingly scarce, provided that demand remains constant or increases. With the emergence of ETFs and a weakening dollar, demand is stronger than ever.
Historically, this supply shock has been a
We współpracy z: https://cryptodaily.co.uk/2024/03/altcoin-season-how-the-bitcoin-halving-kicks-off-crypto-capital-inflows
