Bitcoin to the moon!! 

Bitcoin (BTC) has achieved a new all-time high and has been hovering around US$70,000 mark. Bitcoin's recent mining reward halving has altered the market in such a way that it could potentially lead to cryptocurrency's demand being five times greater than that of supply. The per-block reward paid to miners was cut in half from 6.25 BTC to 3.125 BTC. Over time, the impact of each halving will diminish as the block reward approaches one satoshi. This rewards system will continue until about 2140, when the proposed limit of 21 million coins is reached. At that point, miners will be rewarded with fees for processing transactions, which network users will pay. These fees ensure miners are still incentivized to participate and keep the network going.

As of October 2023, about 19.5 million bitcoins were in circulation, leaving just around 1.5 million to be released via mining rewards. More than ~93% of the Bitcoins have been mined, hence it is clear that there's very little Bitcoin left for mining.

According to the historical BTC halving event, it will generally fall first before the start of a new bull run. However, no one can be 100% certain that it will play out the same this time round. 

In my personal opinion, this is clearly a speculative high-risk play and it is not a good time to have "fear of missing out" and purchase at a high price. Similarly, there are highly highly-volatile stocks such as $AMC Entertainment(AMC)$  $Palantir Technologies Inc.(PLTR)$   $Roblox Corporation(RBLX)$  $Sea Ltd(SE)$   which I would avoid at the time being. What about you? Let me know your thoughts!

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