Bitcoin Halving 2024: Explanation & Price Prediction
The Bitcoin Halving 2024 is happening in 50 days! The Bitcoin halving event happens essentially once every 4 years, so this is a topic that needs to be discussed and analyzed.
Whether you believe Bitcoin is worth owning, I definitely think that it should be at least a small part of your overall portfolio as a speculative asset.
In this video, we are going to break down the following to give you a better understanding of the 2024 Bitcoin Halving along with some price predictions.
1. Bitcoin Blockchain
2. Bitcoin Mining
3. Bitcoin Supply
4. What is Halving?
5. Why does it occur?
6. Bitcoin Price Predictions post-halving
The reason the Bitcoin halving is such a popular topic is because the number of Bitcoin that miners are rewarded with are essentially getting cut by 50%. So instead of earning 6.25BTC per block, they will be earning 3.125BTC.
This is essentially designed to prevent inflation.
This is a huge event and could lead to an enormous increase in the price of Bitcoin...AFTER a price decline.
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