Bitcoin Halving: The Catalyst for Explosive Growth

BTC pulls back to 68,000, but I am still optimistic that Bitcoin will "explode" after halving

——The reasons are as follows↓

Bitcoin halving is an integral part of its protocol. It occurs approximately every four years.

First, let me explain to newcomers that halving does not mean that the quantity is halved, but that the reward for miners to verify transactions on the blockchain is reduced.

So the later the halving, the greater the impact on the currency circle, especially in the Year of the Ox!

It can be said that now, from the miners, the direct stakeholders of the halving, and the major institutions that dominate the currency circle are paying close attention to this matter. This event has also effectively reduced the speed at which new Bitcoins enter circulation, increased the scarcity of the asset, and may affect its price dynamics. Bitcoin may appear after halving, and the trajectory will be long!

This can be seen from the annual supply of Bitcoin, which has a growth rate of 1.7%, which will be halved to 0.85% after the upcoming event.

Compared with traditional assets such as gold, this reduction is beneficial to Bitcoin's supply growth rate, which has an annual supply growth rate of about 1.6%.

Bitcoin, its inherent scarcity and people's growing awareness of its use as a hedge against inflationary pressures.

Of course, there are a few people who are pessimistic. The impact of the halving news may cause a decline in market sentiment in the short term.

But in the bull market and in the long run, it is definitely bullish!

If you don’t know how to screen strong coins, then I suggest you follow me and comment 998. Whether it is spot or Heyue, a slight move may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a sharp eye that saves time and assesses the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway successful in the currency circle!

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