bitcoin-halving-themetaeconomist

The new Bitcoin halving: the next step for the cryptocurrency system

19 April 2024

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Bitcoin is ready to open another chapter. For the most popular cryptocurrency, born in 2009 from the idea of ​​a programmer who calls himself Satoshi Nakamoto is coming a new important revolution: the fourth halving. The halving established by the four-year cycle of the asset will inevitably change its acquisition and use methods. In fact, a halving of daily emissions is expected: 6.25 Bitcoins will no longer be created for each block of transactions, but 3.125. With very important consequences.

The halving involves a decrease in the creation of Bitcoin, which from today goes from 900 to 450. The cryptocurrency therefore becomes increasingly scarce, in other words it can be said it will become "a more scarse than gold", said SkyTg 24.

Scenario

The price of Bitcoin now stands at around $64,500, close to the record recorded in November 2021, before the new peak reached last month, triggered precisely by the wait for the halving appointment . The halving will inevitably define new balances, especially in the medium and long term. As always, we encourage you to weigh every decision, not based solely on short-term forecasts. Looking back, after each Halving we have witnessed an impressive growth in the value of bitcoin.

SOURCE: SKYTG24

IMAGE CREDITS: André François McKenzie

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