In the world of digital commodities, like Bitcoin, programmed events, such as the Bitcoin halving, impact prices significantly.
Imagine a world where the new supply of any commodity – gold, oil, coffee – suddenly halves overnight.
Bitcoin is programmed so that only 21 million coins will ever be created, ensuring scarcity. Additionally, the rate at which these coins are generated — achieved through a reward given to miners for adding new blocks to the blockchain — gradually decreases over time.As an analogy, imagine you’re at a tea party where the amount of cake available is strictly limited to ensure that everyone gets a fair share.
The next Bitcoin Halving is projected to occur on the 20th of April 2024, where the 6.25 Bitcoins that are currently created for each new blockchain block will be cut to 3.125 Bitcoins. At this point, the Bitcoin price bottom has formed and subsequently, the climb in price leading up to the halving begins. Historically, these price rallies have averaged a gain of 320% over previous halvings.After a Halving, Bitcoin’s price usually jumps. On average, this price boost lasts for 480 days, from the halving to the peak of the next big price increase, showing gains of about 25%-30% compared to the last halving’s rise.
If we assume this pattern continues, estimating only a 20% increase on the previous halving return, Bitcoin’s price could go over $167,135 by August 2025. As we count down to the next Bitcoin Halving, Altify has an exclusive limited-time offer for those interested in investing in Bitcoin.” when you sign up and invest at least R500 to receive an additional R200 in your account. This not only covers all of your investing fees but also gives you a 40% return before you’ve even started.and navigate the exciting waves of the Bitcoin and crypto market, especially as we navigate towards a potential $150,000 milestone.
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