The impact of halving on quotes is explained through the classic principle of economics โ supply and demand. When the reward for mining a block is halved, miners start receiving less cryptocurrency for their work. This reduces the rate at which new Bitcoins enter the market, reducing the supply of the asset. If demand for Bitcoin remains stable or increases, the reduction in new supply can lead to an increase in value. Let's look at previous data:The first halving, November 28, 2012, BTC = $12.ย Six months later, on May 28, 2013, BTC = $110. The second halving, July 9, 2016., BTC = $660.ย On January 9, 2017, BTC = $900. The third halving, May 11, 2020, BTC = $8,600.ย Six months later, on November 11, 2020, BTC = $15,700. |
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