Bitcoin Halving and its Market Effects

The fourth Bitcoin block reward halving has successfully taken place. This event occurs every four years and it cuts the mining rewards in half, reducing the new Bitcoin production rate by 50%. This is seen as a potential catalyst for the rise in the price of Bitcoin. However, financial institutions such as JPMorgan and Deutsche Bank point out that this event has already been priced in by the market. Expert Comments After the Block Reward Halving After the halving, daily mining rewards decreased to 450 BTC. This reduction may trigger a price increase by decreasing the newly launched Bitcoin supply to the market. Strong demand for Bitcoin-supportive politicians and spot Bitcoin ETFs can support this increase. On the other hand, AsiaNext’s CEO Kok Kee Chong states that there hasn’t been a significant price movement after the halving and this was expected by the market. Nevertheless, the industry generally expects a […]

Bitcoin Halving and its Market Effects

The fourth Bitcoin block reward halving has successfully taken place. This event occurs every four years and it cuts the mining rewards in half, reducing the new Bitcoin production rate by 50%. This is seen as a potential catalyst for the rise in the price of Bitcoin. However, financial institutions such as JPMorgan and Deutsche Bank point out that this event has already been priced in by the market.

Expert Comments After the Block Reward Halving

After the halving, daily mining rewards decreased to 450 BTC. This reduction may trigger a price increase by decreasing the newly launched Bitcoin supply to the market. Strong demand for Bitcoin-supportive politicians and spot Bitcoin ETFs can support this increase.

On the other hand, AsiaNext’s CEO Kok Kee Chong states that there hasn’t been a significant price movement after the halving and this was expected by the market. Nevertheless, the industry generally expects a strong price rally in Bitcoin and altcoins in the near future.

What Will Happen to Bitcoin Now?

Macroeconomic factors and geopolitical developments may affect Bitcoin investors in the short term. In addition, the decrease in revenue for mining companies can challenge their revenue models. However, it is recommended to buy the dips for long-term investors, as historical models show that peak points generally occur within 1.5 years after a halving event.

Useful Information

The halving reduced daily mining rewards to 450 BTC.
The halving causes a supply reduction that can drive the price of Bitcoin higher.
Spot ETF demands and political support can support price increases.
Macroeconomic and geopolitical factors may negatively affect the market in the short term.
Dips can be considered as buying opportunities for long-term investors.

Finally, BTC’s price has risen in the last 24 hours and overall market trends continue to be positive. Long-term expectations show that Bitcoin could reach new highs in the coming years.

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