Updated 2 weeks ago
Bitcoin completes fourth 'halving'
By Rob Sacks, Editor at LinkedIn NewsUpdated 2 weeks ago
Bitcoin has completed its highly-anticipated halving, which was closely monitored by the crypto industry. The “halving,” which occurs roughly every four years, cuts the supply of bitcoin in half, and traders expect it to drive prices higher over time. This year’s halving comes as the price of Bitcoin soared to $73,000 in March, thanks to the approval of exchange-traded funds or ETFs tied to the cryptocurrency. Since the halving also slashes profits for miners, those companies are trying to sell their technology to artificial intelligence companies to diversify their revenue streams and cut costs.
- Other mining companies are looking at making takeover deals for smaller rivals and buying older computers for cheaper, per The WSJ.
- “This bitcoin bull cycle… might well be shorter and more explosive, culminating in a peak in late 2024 or early 2025,” per one industry watcher.
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🚀 The Impact of Bitcoin Halving on Price Volatility 📉💰 Bitcoin halving events often coincide with periods of increased price volatility in the cryptocurrency markets. Here's why: 1️⃣ Supply and Demand Dynamics: With the reduction in the supply of new Bitcoins entering circulation, demand from investors and traders can drive up prices leading to increased volatility. 2️⃣ Market Speculation: Traders and investors anticipate halving events and may engage in speculative behavior, leading to heightened price fluctuations in the lead-up to and aftermath of halving. 3️⃣ Long-Term Outlook: Despite short-term volatility, many analysts believe that Bitcoin halving reinforces its long-term value proposition as a scarce and valuable digital asset. How do you think Bitcoin halving affects price volatility? Share your thoughts below! 💭📊 #BitcoinPrice #MarketVolatility #CryptoInvesting
Most people typically perceive Bitcoin as an investment, although many are increasingly using it as a new form of savings technology. Bitcoin, for all intents & purposes, is an emergent system providing digital *money*. With a fixed supply, prescheduled issuance, & governed by distributed software, which just so happened to synchronize the most powerful & secure computer network in the world. Sure, you can leverage Bitcoin as an investment by taking advantage of its volatility in USD or multiple other currency terms-a result of BTC being thus far robustly liquid, as it's the only globally accessible form of permissionless *digital cash* available to trade 24/7, at least that I'm aware of. But investment purposes aside, what has been especially remarkable in Bitcoin's 15+ years of existence, is the stability of its effective operation via its near billion transactions to date & trillions of USD valued transfers processed. Since its inception, it has continually produced a block of transactions approximately every 10 minutes, with 100% uptime since 2013. Therefore, I posit that Bitcoin has thus far proved extremely stable & dependable in function, worthy of at least one's consideration to be adopted in some capacity as a form of savings, over time, of course! Something that we hope continues to persist well into the twenty-first century & beyond. *not investment advice*
Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half. The so-called halving is a feature of how bitcoin was created: Every four years, the number of new bitcoins that can be reaped by miners is cut in half. That's set to happen tomorrow and has bitcoin-mining companies looking for new revenue streams. w/Vicky Ge Huang https://lnkd.in/eG5Mf4gN
An event known as the Bitcoin "halvening" is nigh. That means starting soon (as in today or tomorrow) Bitcoin miners will get paid half as much for verifying transactions, and the rate at which new Bitcoins enter circulation will slow. The "halving," as it's also called, is taking place at a moment when crypto has "gone mainstream," Brett Tejpaul, the head of institutional sales at Coinbase, said at a conference earlier this month. Exchange-traded funds linked to the price of Bitcoin became available in January and have proved popular with investors. Past halvings have caused the price of Bitcoin to spike, but analysts say this week's halving may be different if buyers have already priced in the news. https://lnkd.in/efp6sgiN
The Bitcoin halving event is a much-anticipated event in the crypto world, having caused a surge in the price of Bitcoin historically. Let's take a look at the impact of the past three halving events on Bitcoin's price. 🔹First Halving (2012): Pre-Halving Price: Approximately $12 Post-Halving Price: Around $115 Observation: A nearly tenfold increase in price following the halving, showcasing Bitcoin's rising demand and investor interest. 🔹 Second Halving (2016): Pre-Halving Price: About $650 Post-Halving Price: Surged to roughly $2,500 Insight: Despite a more mature market, the halving effect persisted, pushing prices upward significantly. 🔹 Third Halving (2020): Pre-Halving Price: Around $8,600 Post-Halving Price: Climbed to nearly $29,000 by the year’s end Analysis: The third halving confirmed the trend of substantial post-halving gains amidst growing mainstream adoption. 🔸 Next Halving : Projected for April 20, 2024 #BitcoinHalving #CryptoCurrency #InvestmentTrends #FinancialAnalysis #Bitcoin #HalvingEvent #Crypto #Investment #Finance
Slow clap BTC. You did it again...and again...and again. Four (count 'em Ravencoin), four flawless halving events. It just goes to show that when you have a global network as reliable as bitcoin, that anything is possible. p.s. "Halving" happens automatically. It was put into the original code and no one has touched it for years. But in honor of the fact that most stories about Bitcoin have little grounding in reality, I though I would have some fun. p.p.s. It may happen with Ravencoin too, you should go look it up on github. https://lnkd.in/gmDmnS6S
Happy Bitcoin Halving Day everyone! Today, UniLend celebrates. The Bitcoin Halving is here, marking a significant milestone in the world of cryptocurrency and the start of a new era filled with exciting opportunities and prospects. For those who may be unfamiliar, the Bitcoin Halving is an event that occurs approximately once every four years. It is a crucial moment in the cryptocurrency world, where the number of new bitcoins being created and earned by miners gets cut in half. This event is designed to control inflation and maintain the scarcity of Bitcoin. As we embark on this journey of reduced supply and increased demand, it's important to acknowledge the potential for growth and prosperity. Bitcoin has captured the attention of investors and enthusiasts worldwide, revolutionizing the way we perceive and transact with digital currency. The Halving serves as a reminder of the scarcity and value of Bitcoin. With each Halving, the supply of new bitcoins decreases, making each coin more precious than ever before. It's a powerful concept, highlighting the decentralized nature of cryptocurrency and its ability to disrupt traditional financial systems. #BitcoinHalving #Cryptocurrency #DigitalCurrency #NewEra #Opportunities #Prosperity
The Bitcoin Halving is a pivotal moment in crypto happening on April 19, 2024. Are you ready? Let's dive into its significance. The Bitcoin Halving slashes rewards paid to Miners on the network by half every 210,000 blocks, or about every four years, to maintain Bitcoin's scarcity. This built-in feature, designed to mimic the diminishing returns of mining real gold, is central to Bitcoin's economic model, ensuring its value through scarcity. What is mining? Mining is the process where transactions are verified and added to the blockchain. When miners successfully verify and add transactions to the blockchain they are paid in Bitcoinfrom the network as a reward The halving cuts the rewards they earn in half. The Bitcoin halving isn’t market whimsy; it's programmed into Bitcoin's source code, a cornerstone of its monetary policy. Bitcoin's monetary policy is designed to control its supply, mimicking the scarcity of precious metals. Unlike fiat currencies, which central banks can print more of, Bitcoin's supply rules are set in stone by its code. Halving ensures Bitcoin’s scarcity and long-term value as a store of wealth in the face of traditional currency inflation. Previous Bitcoin Halving’s took place in 2012, 2016, 2020. Each halving has been a landmark, adjusting the reward from 50 BTC to 6.25 BTC per block. These moments are pivotal, marking the steady march towards Bitcoin's finite supply. Past halvings have set the stage for bull markets, with notable uptrends in Bitcoin's price. The impact isn't immediate but gradual, fostering long-term growth. Predictions vary, from price surges to a boost in adoption. The consensus is optimistic, expecting positive market dynamics. Yet, the essence of crypto is its unpredictability. Halvings influence more than just miners and traders; they challenge the entire crypto ecosystem, driving innovation and fostering mainstream interest. It’s a testament to crypto’s resilience and evolving nature. Want to become an expert in Bitcoin and other major cryptocurrencies and events? Join SheFi to stay ahead with our insights and updates. JOIN: https://lnkd.in/ehvwE4_Q #Crypto #Blockchain #Cryptocurrency #Bitcoin #Ethereum #DeFi #CryptoNews #birthday #NFTs #CryptoMarket #DigitalCurrency #Web3 #Leadership #CryptoEvent #Web3 #Community #CryptoWallet #SmartContracts #Empowerment #BlockchainNews #SheFi #WomenLeaders #EmpoweringWomen #DigitalAssets #CryptoCommunity #CryptoEducation #Bitcoin #BitcoinHalving #Halving #Investing