Bitcoin Halving To Happen In Exactly A Year From Now.
It's crazy thinking of the fact that last Bitcoin halving took place just three years ago and the next is bound to happen in exactly a year from now.
Bitcoin halving is the biggest and most anticipated blockchain event in the world which takes place every four years. It's simply the halving of the rewards miners get for completing tasks on the blockchain, hence increasing scarcity and reducing the supply of Bitcoin available to miners.
Quite alot of people attach the Bitcoin halving event to the start of a bull run and I also had this mindset until lately. Yes, the halving sort of triggers a bull market but right now I believe there are other factors rhat contribute to the start of a bull market. For example, Bitcoin went from around $15k this year to being traded at over $30k this month which is almost about half of the All Time High, and halving hasn't even happened. This just makes me wonder what the price could be during the halving next year and what could be the new all time high in the next bull run?
I believe the Ethereum Merge has an impact on the market just like the bitcoin halving and maybe it is infact one of the biggest contributors to the pump we've seen lately. I honestly can't wait for the Hitcoin to happen not because I'm a crypto fanatic but because it marks the beginning of a really good time for everyone in the crypto space.
I think it would also mark a new phase of crypto maturity, hopefully stabilising the market more. It will indeed be a good time for the crypto space.
Volatility will fade over the years as adoption grows. 👍🏻
Indeed! It's becoming more evident.
This event will have a massif impact on the future of Bitcoin!!!
My price target is 100k+ for the next BTC bullrun, at the halving next year we could already be close to the old ATH of 69k.