The next Bitcoin halving is scheduled to occur in April 2024. This event can be significant for investors like you. Want to know why? Keep reading to find out.
What is the Bitcoin halving?
The Bitcoin halving is when the reward for mining new Bitcoin blocks is reduced by half. This means that miners will receive 50% fewer bitcoins for verifying transactions, but also that the rate of increase in the supply of this cryptocurrency is going to be reduced.
The halving occurs approximately every 4 years, but it is challenging to pinpoint its exact date as it depends on 210,000 blocks having been mined. The good news is that the next one is approaching, and there’s still time for you to prepare your portfolio.
Why is the Bitcoin halving important for you and your portfolio?
You might be wondering why the halving could be a good opportunity for your investment strategy. Here’s the answer: historically, halvings have been crucial for the appreciation of bitcoin. Every time there has been a halving, there has been an increase in its price, probably because there will be fewer bitcoins generated after each of these events. As you know, there’s a finite amount of bitcoins out there and no more bitcoins are meant to be generated once the supply reaches 21 million bitcoins. It’s a matter of supply and demand.
In other words, this could be a good time for you to invest in BTC and capitalize on potential gains down the line. But remember the basic rule of the investment world: past performance is not a guarantee of future returns!
Understand the advantages:
Less supply, more demand: The halving cuts the supply of new bitcoin in half. Reduced supply + increased demand = potential for a price increase.
Scarcity = value: With fewer new Bitcoins, those already in circulation could become more valuable.
Historical trend: Past halvings have led to significant price increases. Nothing is guaranteed, but the pattern is intriguing!
Bitcoin price surge after the last halvings:
How about getting ahead of the upcoming event by adding bitcoin to your portfolio? Buy now in an easy, fast, and secure way with Bitso before its price goes up.