Bitcoin Halving: Unveiling the Impact on Crypto Stocks (MARA, RIOT, HUT)
@nerdbull1669:
Bitcoin is one year away from a major technical event. History suggests the start of another bull run. History shows the cryptocurrency tends to perform well in the run-up to its so-called “halving.” The bitcoin halving, which occurs every four years, reduces rewards for successfully mining new bitcoin by 50%. The aim is to reduce the supply of bitcoin over time. Before the last halving, on May 11, 2020, the price of bitcoin increased by 19% from the same day a year earlier. Halving is not the only factor impacting price, but it’s an important event for investors and core to the investment case for bitcoin as a store of value with limited supply. The 2024 halving will likely occur between February 2024 and June 2024. I am writing this article to share on how we can take this opportunity to