There are now less than 20k blocks until the Bitcoin halving

5 months ago

The bull run starts in 133 days after the Bitcoin halving on the 19th of April, 2024. We are so early and opportune right now, I’m not a Bitcoin miner, but I know that there are not many Bitcoins left to buy, so if you have the money to buy more Bitcoins now, buy as much as you can now that Bitcoin is still cheap and still below the current Bitcoin all-time all at $69k as the popular prediction of Bitcoin is $100k and above. The bitcoin halving is a pre-coded and predetermined event that occurs roughly every four years as we all know, each halving reduces the block reward miners receive for adding new blocks to the blockchain by 50%.

The process of Bitcoin halving cuts down the supply of Bitcoin rewards mined and makes Bitcoin more scarce over time. And in economics as we all know this, the lower the supply of a product or good and the higher the demand of the same product or goods the price of that product or goods skyrockets based on the simple law of supply and demand which states that the if a product has a high demand and low supply, the price will increase. Conversely, if there is low demand and high supply, the price will decrease. Market equilibrium occurs when demand and supply intersect to create a stable price.

And according to Michael Saylor whose company has been buying Bitcoin at every opportunity they get "Bitcoin is a miracle. Absolute mathematical scarcity achieved by consensus in a sufficiently decentralized distributed network was a discovery rather than an invention. It cannot be achieved again by a network made up of participants aware of this discovery since the very thing discovered was resistance to replicability itself." I believe after the Bitcoin halving Bitcoin could possibly hit a new all-time high.

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There are now less than 20k blocks until the Bitcoin halving

There are now less than 20k blocks until the Bitcoin halving