Bitcoin Faces Critical Juncture With 2024 Halving and Protocol Proposals

• Bitcoin is undergoing its next halving event in April 2024, reducing miner rewards by 50% • New protocols like Bitcoin Ordinals and BRC-20 tokens may offset reduced rewards with higher fees • Proposal to add "OP_CAT" opcode could greatly improve developer capabilities on Bitcoin • CTV proposal would enable more constrained transactions, making Bitcoin safer for development • Adding functionality like CAT and CTV could determine if halving boosts miner profits or harms Bitcoin's future