The halving of Bitcoin rewards, which occurs every four years, is a crucial factor in driving the price of the cryptocurrency. With each halving event, the rewards for miners are cut in half, leading to a decrease in the overall supply of Bitcoin. This scarcity ultimately leads to a surge in Bitcoin's price, as history has shown with previous halving cycles.摘要：ThisiswhythehalvingplaysanessentialrolewhentocomestoBitcoin’spriceThismeanstheamountofrewardsbecomeslessandlesseveryhalvingevent,thuswhywetendtoseethebullrunevery4yearsshortlyafterthehalving...
Since the creation of the Genesis block, there have only been three halving events, and the upcoming one in April 2024 will be the fourth. This means there are still 28 more halving events until the maximum supply of 21 million coins is reached. The final halving event will not occur for several generations, making it an event that current investors may never experience.
Predictions for Bitcoin's price range from $100,000 to $220,000 by the second quarter of 2025, based on chart analysis, halving cycles, and pattern repeats. While there is still plenty of time before the final halving event, the countdown is on for the next phase of the halving cycle. This highlights the long-term and transformative nature of Bitcoin as an asset.
