How much impact does the BTC halving have?

Kabir903

"Due to the significant increase in Bitcoin scarcity caused by the halving events, the Bitcoin price cycles have historically been influenced by these events. After the first halving, Bitcoin's price surged to nearly $1,000 within a year, and the second halving triggered a 350% increase within a year, leading Bitcoin to reach its all-time high of nearly $20,000 in December 2017. Following the third halving, Bitcoin soared to a historic high of almost $69,000 in November 2021.

As the cryptocurrency community commemorates the first halving anniversary, there is anticipation for the fourth Bitcoin halving, expected to occur on April 17, 2024. Many Bitcoin supporters are particularly optimistic about the Bitcoin price in 2024, anticipating that the U.S. Securities and Exchange Commission might eventually approve a Bitcoin exchange-traded fund.

However, the 2024 halving is not the final one. Bitcoin mining rewards are expected to halve 34 more times before reaching 0 Bitcoin, as the entire supply of 21 million Bitcoins is mined. According to the current schedule, the maximum supply of 21 million Bitcoins is projected to be reached around the year 2140."

Kahn332

This is definitely going to experience a bullish trend.

Isha000

In my opinion, with fewer coins in the market, the price is bound to rise.

Janak9955

There are likely to be many impacts on this.

Sona59

The effects of the halving are worth paying attention to.