Home » Bitcoin Halving: We’re 69.1% There
halving

Bitcoin Halving: We’re 69.1% There

We’ve completed 69.1% of the waiting time between the last Bitcoin halving and the incoming one:

451 days left!

Why does it matter? Well, I’ll let my best friend explain:

Question: “Is the Bitcoin time-to-halving impacting the bitcoin price action in general?”

Answer of chatGPT: “The halving is a scheduled event that occurs approximately every 210,000 blocks mined, and reduces the block reward for miners by half. This event has historically had an impact on the price of bitcoin, as it reduces the supply of new bitcoins entering the market, which can increase scarcity and drive up demand.

However, the relationship between the halving and bitcoin’s price is complex and not always straightforward. There are many other factors that influence the price of bitcoin, such as market sentiment, regulatory changes, and macroeconomic conditions. The price of bitcoin can also be highly volatile, and can be affected by sudden shifts in market demand or unexpected events.

In the lead up to the recent halving, there was increased speculation and excitement among investors, which may have influenced the price of bitcoin. However, it is important to note that past halvings have not always led to immediate price increases, and that there is no guarantee that the current halving will have a similar impact on the price of bitcoin.

Overall, while the halving can be seen as a positive sign for bitcoin’s long-term scarcity and potential for increased demand, it is just one of many factors that impact the price of bitcoin and should not be considered in isolation.”

See also  Spotify Releases 'DJ,' An AI-Powered Personalized Music Generator

The halving is also a key part of the stock-2-flow model predicting a surge of the price of Bitcoin every 4 years:

PlanB Video

And it seems that logarithmic regression models tend to agree:

IntoTheCryptoverse Inviting PlanB

We also proved that the halving is THE key parameter driving the price action.

Related Posts

Leave a Comment