 | Bitcoin (BTC) is now halfway to its next halving. A 50% reduction in block rewards paid to miners on the network (which occurs about every four years) is expected to happen around March 30 of 2024. The reward will be cut in half from BTC 6.25 to BTC 3.125 per block mined. Do we expect a reaction to the next halving? Well at the previous Bitcoin halving (May 11 of 2020), we didn't notice any significant changes in the case of the price, BTC ended the day slightly lower, but according to some bystanders halving was one of the triggers for the major bull run that started 2 months later. price reaction to 3 of the halvings we had What we do know is that rewards will be halved and prices will therefore have to rise for mining to remain profitable. Satoshi himself has written in one of his replies that it would make sense for prices to rise. Edit: Word "should" is not the perfect fit for the title. I could've expressed myself a little bit better. Let's say: will bitcoin's price increase after the next halving? Your thoughts? [link] [comments] |
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