Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-prices-surge-following-halving-event" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Surge Following Halving Event</a><br></p>
<p style="text-align: justify">The recent surge in <a href="https://en.bitcoinhaber.net/bitcoin-faces-short-term-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> prices has captured the attention of many, with some attributing it to the outcomes of the recent U.S. elections. However, Jesse Myers, co-founder of Onramp Bitcoin, suggests that while the new administration may play a supportive role, the real driving force lies in the supply constraints following the latest halving event.</p>
<h2 id="what-impact-did-the-halving-have">What Impact Did the Halving Have?</h2>
<p style="text-align: justify">April’s halving slashed the block reward from 6.25 <a href="https://en.bitcoinhaber.net/bitcoin-market-correction-analysts-predictions-and-binances-role" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> to 3.125 BTC, making the mining process more challenging and reducing rewards. Myers emphasizes that we are now well beyond this halving event, leading to a substantial supply shortage that cannot meet the existing demand at current price levels. He warns that this situation could set the stage for potential price bubbles.</p>
<h2 id="are-more-investors-showing-interest">Are More Investors Showing Interest?</h2>
<p style="text-align: justify">Anthony Scaramucci reassured potential Bitcoin investors who feel they may have missed the opportunity, indicating that the market is still in its early stages. The anticipated establishment of a U.S. strategic Bitcoin reserve could prompt similar actions from other nations. With 94% of Bitcoin already in circulation or lost, only a limited supply remains available for future transactions.</p>
<p style="text-align: justify">The periodic halving of Bitcoin every four years has historically led to price increases and speculative bubbles. As the current trends suggest, the decreasing supply combined with growing demand will likely continue to support Bitcoin’s unique investment profile.</p>
<ul>
 <li>Supply shock after halving has tightened available Bitcoin.</li>
 <li>Institutional interest in Bitcoin is on the rise.</li>
 <li>Historical data indicates recurring price surges post-halving events.</li>
 <li>Potential government involvement may further legitimize Bitcoin as an asset.</li>
</ul>
<p style="text-align: justify">The dynamics of dwindling supply and escalating interest from both individual and institutional investors are expected to drive Bitcoin’s value higher in the long term, contributing to its sustainability as a prominent digital asset.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-prices-surge-following-halving-event" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Surge Following Halving Event</a></h5>

Bitcoin Prices Surge Following Halving Event

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