Posted 1/15/2024, 6:25:00 PM
Bitcoin Halving Cuts Miner Rewards, May Drive Prices and Hype Higher
- Bitcoin halving reduces supply of new bitcoins to miners, potentially driving up prices
- Past bitcoin halvings preceded major bitcoin price rallies, but correlation unclear
- Bitcoin ETF launch disappointing so far; halving hype could drive new interest
- Mining will become more competitive after halving, less efficient miners will drop out
- Bitcoin price predictions around halving contradictory; mainly drives hype cycles