Bitcoin is the most predictable & valuable asset in the world; understanding a few key events can help you make these predictions accurately 🔮
As $BTC crossed 26k - here’s all you need to know to prepare for this #bull 🔥🧵
As $BTC crossed 26k - here’s all you need to know to prepare for this #bull 🔥🧵
The next Bitcoin halving is set to take place in 2024 almost one year from today.
The $BTC price usually starts moving upward one year prior to the halving date and time. (as we’re seeing rn). The current price action is a perfect setup for history to repeat itself.
The $BTC price usually starts moving upward one year prior to the halving date and time. (as we’re seeing rn). The current price action is a perfect setup for history to repeat itself.
But what makes #Bitcoin halving this important?
With every Bitcoin halving, the reward for mining a block is cut in half = less $BTC flooding into the market = making its value surge over time.
Supply & demand 101.
With every Bitcoin halving, the reward for mining a block is cut in half = less $BTC flooding into the market = making its value surge over time.
Supply & demand 101.
Currently, around 900 new $BTC is mined daily--which is potentially over $19 million worth of sell pressure every day.
After the halving, #Bitcoin 's daily issuance will drop to 450. This makes it the hardest asset in the world with inflation half that of gold.
After the halving, #Bitcoin 's daily issuance will drop to 450. This makes it the hardest asset in the world with inflation half that of gold.
The price of $BTC tends to dip around one year before each halving and then reaches a new record around one year after the event.
While some people claim halving will not have any effect on the $BTC price anymore as it's more matured I believe the exact opposite!
While some people claim halving will not have any effect on the $BTC price anymore as it's more matured I believe the exact opposite!
I always say - #BullMarket doesn’t creep in; it smacks you in the face. The next bull cycle will be much bigger than any before as $BTC survived the hardest times & will go into its next halving strongest.
TL’DR - it’s time for the green days.
Comment below what you think! 👇
TL’DR - it’s time for the green days.
Comment below what you think! 👇
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