Bitcoin Chart of the Day #CarteduJour (Patreon)
Published:
2023-04-25 22:37:24
Imported:
2023-04
Content
Bitcoin's next halving is 350 days away or just around the corner! And with it comes a supply shock that will send prices soaring.
Here's how it works:
- Every 210,000 blocks, the Bitcoin network halves the reward for mining new blocks.
- This means that there will be less new Bitcoin coming into circulation.
- But demand for Bitcoin is expected to remain the same.
- So, the supply of Bitcoin will decrease while the demand for Bitcoin remains the same.
- This supply shock will drive prices upwards.
I am excited to be on the Bitcoin train! Prices will go up.
Enjoy the pre halving run
Thanks to Sanjay for the Chart above