Bitcoin Faces Major Supply Shock as Halving Approaches Amid Surging Demand

The Bitcoin "halving" event happens every 4 years and reduces the supply of new bitcoins, which has driven up prices after past halvings. The next halving is around April 20th.

This halving comes as Bitcoin demand is surging, with more public interest and investments than ever before. Almost a third of Americans now own or are invested in Bitcoin.

While halvings tend to increase Bitcoin's value, they also reduce miners' rewards over time, which could weaken Bitcoin's security if fewer miners can profitably participate.

Bitcoin has so far worked remarkably reliably since its creation, being functional 99.99% of the time, helping drive confidence and demand.

With broader adoption and popularity, this upcoming halving could drive an even bigger Bitcoin price surge than the past rallies after 2016 and 2020's halvings.