Bitcoin’s Next Phase: 5 Key Changes To Expect Post-2024 Halving
The highly anticipated fourth Bitcoin halving event is fast approaching, expected to occur around April 19, 2024.
This phenomenon isn’t just a quirk of Bitcoin’s design. It’s a fundamental shift in the blockchain’s architecture, cleverly engineered to slow down the creation of new Bitcoins.
The enigmatic Satoshi Nakamoto masterminded the halving to have a finite supply cap of 21m tokens.
Halvings are spaced roughly every four years, or after every 210,000 blocks. They can be seen as milestones leading towards the final goal — when all 21m bitcoins have been mined, a moment expected around the year 2140. As of now, the Bitcoin network has churned out about 19m tokens, inching ever closer to that final count.
The upcoming Bitcoin halving is widely considered to be one of the most positive indicators within the cyclical nature of the market.
Brian Dixon, CEO of Off the Chain Capital, highlighted a key distinction between past and present halvings. Historically, retail investors primarily drove demand for the asset. However, the current landscape encompasses a broader range of participants. These include institutional investors, public corporations, and even sovereign governments, he pointed out.
“This dramatic increase in the types of interested parties may create strong buying pressure compared to past halvings,” Dixon told Cryptonews.
Based on Dixon’s analysis, the optimal allocation window for Bitcoin falls within the six months preceding a halving. It also typically extends for 12-18 months following the event. During this post-halving period, Bitcoin has demonstrably achieved new all-time highs throughout past cycles. Dixon anticipates this trend to potentially continue within the forthcoming 12-18 months after the upcoming
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