Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated.
Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs
In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of the cryptocurrency.
The “halving” is a periodic event for BTC where its block rewards (the rewards the miners receive for adding blocks on the network) are permanently cut in half.
This event is built into the coin’s code, meaning it happens automatically. The halving kicks in after every 210,000 blocks, or approximately every four years.
The next such event will take place sometime in the coming month. Historically, the halving has been considered an important event for the asset due to how it influences its supply dynamics.
The block rewards the miners receive are the only way to introduce new BTC tokens into circulation. Since they get tightene
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