TEW Magazine

  The Bitcoin Halving is an event that occurs roughly every four years. It involves cutting in half the reward miners receive for each new block they mine. With Bitcoin’s total supply capped at 21 million coins, this emission feature triggers a surge in price while maintaining or increasing demand. Historically, each halving event has been accompanied by a notable uptick in Bitcoin’s price (and  BTCUSD  correspondingly). For instance, after the first halving in 2012, Bitcoin’s price soared from around $11 to $1000 within a year. Similarly, after the 2016 halving, it surged to almost $20,000 over the next 18 months. While the patterns following the third halving were less predictable, a value rise still ensued. This is primarily attributed to a reduction in the selling pressure from miners, who began to receive fewer coins for their efforts, thereby decreasing the Bitcoin supply in the market.  The upcoming halving coincides closely with the launch of the much-anticip...