Bitcoin's fourth halving and its impact
Continued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action
JinseFinanceContinued increase in demand for Bitcoin could offset selling pressure, as well as reduced issuance, driving price action
JinseFinanceIn the digital asset space, the most important event is undoubtedly the Bitcoin halving in April this year.
JinseFinanceEthiopia has become one of the world's largest recipients of Bitcoin mining machines. The Ethiopian National Electricity Corporation said it has reached power supply agreements with 21 Bitcoin miners, 19 of which are from China.
JinseFinanceHalving, BTC, a brief discussion of Bitcoin’s “halving” in 2024 Golden Finance, “halving” is the truly unique feature of Bitcoin in the field of financial assets.
JinseFinanceThe BTC production halving event is a major event in the encryption industry. This is the time for the rocket to switch. Once the switch is successful, the new first-stage rocket will push BTC farther and deeper into space.
JinseFinanceBy stimulating the adoption of secondary scaling layers like the Lightning Network, the halving could make Bitcoin cheaper to use, more accessible — or, in general, more like other currencies, Azteco’s David Bailey writes.
JinseFinanceTaking into account the historical performance patterns before and after the Bitcoin halving and the current better environment, the price of Bitcoin is expected to hit US$60,000 before the halving in 2024, with the full-year range fluctuating between US$32,000 and US$85,000.
JinseFinanceHalving, BTC, will the halving push the price of Bitcoin higher? Golden Finance, Bitcoin is about market timing rather than market timing.
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