What to Expect From The Next Bitcoin Halving
Bitcoin halving occurs roughly every four years. Bitcoin halving is going to happen at the same pace until all of the 21 Million Bitcoins are mined.
The last Bitcoin halving is expected to happen somewhere around 2140. Meaning that less and less Bitcoins are going to enter the market as time passes by.
Bitcoin is designed in such a way so that it act as a deflationary currency and the issuance of new tokens decreases while demand for it increases.
Price after BTC Halving
Looking back at previous bitcoin halvings, immediate price reactions are rarely seen.
But after the first three Bitcoin halvings, prices did show a significant increase sometime.
2012
When the first halving occurred on 28 November 2012 with the total circulating supply of 10.5 Million Bitcoin, the price of Bitcoin at that time was at $11.
2016
The second Bitcoin halving happened on 9th July 2016 releasing a supply of 5,250,000 Bitcoin.
The price saw fluctuations from $500 to $1000 and then the prices even jumped to around $20k in December 2017.
2020
The 3rd Bitcoin halving happened on 11 May 2020. 2020 is called to be the year of crypto market.
A supply of 2,625,000 BTC was released. At the time the price of BTC was around $9000 which then jumped to approx $30k at the end of 2020.
What to Expect From the Next Halving
The next bitcoin halving is expected to happen in 2024. There are mixed feelings about the impact of it over the prices of Bitcoin.
Some experts expect the prices of Bitcoin to rise after 2024 halving while others claim there won't be much of an effect on the value and it will just be a non-eventful day.
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The most logical thing is that the reduction will have an impact on the market since the supply will decrease and the demand will be maintained, however observing the market at this moment I can say that the interest in btc has decreased by many since it broke its supports. But who knows between now and 2024 many things can happen.
Let's wait and see :)
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