Monday, January 16, 2023

Is Bitcoin's halving event still relevant in today's market?

Hey guys, so we all know about the halving that happens every 210k blocks and cuts the block reward in half. In the past, this has been linked to a spike in the price of Bitcoin. But, as the crypto market matures and changes, I can't help but wonder if the halving is still as significant as it used to be.

I still think it's the same, as it reduces the amount of new Bitcoins that come into circulation, which can increase the scarcity of Bitcoin and drive demand for it.

With the current market conditions, and the maturity of the crypto industry, is it worth to question the relevance of this event in today's market? Do you think we can still hope for the same price movement?


No comments:

Post a Comment