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Bitcoin Halving and its effects on BTC and Alt Coins
The Bitcoin Halving occurs every four years also known as Bitcoin cycles and seemingly has an effect on Bitcoin price and in effect Altcoin prices.
What is the halving in Bitcoin?
The halving is a scheduled decrease in the number of new coins that are rewarded to miners.
This effect of this is less Bitcoin being created which creates pressure on supply, which in theory leads to an increase in price.
The reward is halved → half inflation → lower available supply → higher demand → higher price → miners' incentive still remains, irrespective of smaller rewards, as the value of Bitcoin is typically boosted in the process.
When is the next bitcoin halving? The next Bitcoin Halving estimated in April of 2024. This estimate is subject to change.
In this video we also look at what happens to the bitcoin price halving. We also look at how this effects Altcoins.
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https://accounts.binance.us/en/register?ref=52785593
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https://www.kucoin.com/ucenter/signup?rcode=rJ91812
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JakeOnChain does not provide financial, investment, tax, or legal advice. None of the content on the JakeOnChain channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. JakeOnChain may share some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions. Technology moves fast and information contained may be outdated by the time you view it. Use this video at your own risk.
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